abrdn plc Has $7.09 Million Position in Teradyne, Inc. (NASDAQ:TER)

abrdn plc lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,080 shares of the company's stock after selling 4,403 shares during the quarter. abrdn plc's holdings in Teradyne were worth $7,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Assenagon Asset Management S.A. lifted its holdings in shares of Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after buying an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of Teradyne by 189.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock valued at $153,218,000 after buying an additional 749,003 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of Teradyne during the 3rd quarter valued at about $91,129,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock worth $325,814,000 after purchasing an additional 374,522 shares during the last quarter. Finally, State Street Corp lifted its holdings in Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after purchasing an additional 350,002 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

TER has been the subject of several analyst reports. Craig Hallum reduced their target price on Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a report on Friday, October 25th. Northland Securities reduced their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Stifel Nicolaus reduced their target price on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a report on Friday, October 25th. UBS Group reduced their target price on Teradyne from $160.00 to $155.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $143.77.

Teradyne Stock Down 1.0 %

Shares of TER stock traded down $1.18 during trading hours on Wednesday, reaching $111.54. 1,592,433 shares of the company's stock were exchanged, compared to its average volume of 2,728,994. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The stock has a market capitalization of $18.17 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 1.45. The business has a fifty day moving average price of $125.67 and a 200-day moving average price of $123.42.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a share repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Teradyne Announces Dividend

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

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.