Alberta Investment Management Corp Acquires New Holdings in Teradyne, Inc. (NASDAQ:TER)

Alberta Investment Management Corp purchased a new stake in Teradyne, Inc. (NASDAQ:TER - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,400 shares of the company's stock, valued at approximately $1,435,000.

Several other large investors have also recently modified their holdings of TER. Capital Performance Advisors LLP acquired a new position in shares of Teradyne in the third quarter worth approximately $29,000. Compass Financial Services Inc acquired a new position in shares of Teradyne in the 4th quarter worth approximately $33,000. Manchester Capital Management LLC lifted its position in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after purchasing an additional 227 shares during the period. Coastline Trust Co bought a new stake in shares of Teradyne in the 3rd quarter valued at $46,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Teradyne during the third quarter worth $52,000. Institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of NASDAQ:TER traded down $1.63 during midday trading on Tuesday, hitting $111.95. 872,988 shares of the company's stock were exchanged, compared to its average volume of 2,560,215. Teradyne, Inc. has a 12 month low of $95.80 and a 12 month high of $163.21. The company has a market cap of $18.10 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. The stock has a 50 day moving average price of $124.67 and a 200-day moving average price of $122.99.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Teradyne declared that its Board of Directors has approved a stock repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. KeyCorp dropped their target price on shares of Teradyne from $180.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Morgan Stanley lowered Teradyne from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, Susquehanna increased their price target on Teradyne from $145.00 to $165.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Teradyne has an average rating of "Moderate Buy" and a consensus target price of $143.77.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 1,384 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the sale, the chief financial officer now owns 36,576 shares of the company's stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Ryan Driscoll sold 437 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 in the last three months. 0.18% of the stock is currently owned by insiders.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.