American Century Companies Inc. Cuts Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

American Century Companies Inc. cut its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 499,332 shares of the company's stock after selling 87,769 shares during the quarter. American Century Companies Inc. owned approximately 0.31% of Teradyne worth $62,876,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its holdings in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock worth $858,000 after buying an additional 104 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of Teradyne by 3.9% in the third quarter. Pathstone Holdings LLC now owns 19,878 shares of the company's stock worth $2,662,000 after acquiring an additional 743 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Teradyne by 22.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 19,000 shares of the company's stock worth $2,545,000 after acquiring an additional 3,458 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Teradyne during the 3rd quarter valued at about $2,221,000. Finally, Advisors Asset Management Inc. grew its position in shares of Teradyne by 32.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,753 shares of the company's stock valued at $369,000 after acquiring an additional 676 shares during the period. Hedge funds and other institutional investors own 99.77% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TER. Robert W. Baird lowered their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Vertical Research initiated coverage on Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 target price on shares of Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus cut their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $121.44.

Teradyne Trading Down 3.4 %

Teradyne stock traded down $2.90 during midday trading on Friday, hitting $82.78. 2,363,794 shares of the stock were exchanged, compared to its average volume of 2,392,806. The stock's 50-day simple moving average is $107.90 and its 200 day simple moving average is $117.43. Teradyne, Inc. has a fifty-two week low of $82.47 and a fifty-two week high of $163.21. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 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%. Equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's payout ratio is 14.41%.

Insider Activity at Teradyne

In other Teradyne news, insider Richard John Burns sold 407 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the sale, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, 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. In the last ninety days, insiders have sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.18% of the company's stock.

About Teradyne

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.