Bank of Montreal Can Trims Position in Teradyne, Inc. (NASDAQ:TER)

Bank of Montreal Can reduced its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174,519 shares of the company's stock after selling 4,369 shares during the period. Bank of Montreal Can owned approximately 0.11% of Teradyne worth $21,975,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Compass Financial Services Inc purchased a new stake in shares of Teradyne in the 4th quarter worth approximately $33,000. AllSquare Wealth Management LLC boosted its position in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its position in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Teradyne in the 4th quarter valued at $45,000. Finally, Atala Financial Inc bought a new position in shares of Teradyne in the 4th quarter worth $47,000. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Up 0.3 %

Shares of NASDAQ:TER traded up $0.20 during trading on Tuesday, hitting $74.06. 2,227,125 shares of the stock traded hands, compared to its average volume of 2,538,184. The company has a fifty day moving average price of $95.55 and a two-hundred day moving average price of $112.37. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.83 and a beta of 1.65.

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

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.65%. Teradyne's dividend payout ratio (DPR) is 14.41%.

Insider Activity

In other news, VP Ryan Driscoll sold 437 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares of the company's stock, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 407 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,399 shares of company stock worth $612,734 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Bank of America dropped their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a research report on Wednesday, March 12th. Susquehanna decreased their price objective on Teradyne from $165.00 to $155.00 and set a "positive" rating for the company in a report on Wednesday, March 12th. Cantor Fitzgerald dropped their target price on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. KeyCorp decreased their price target on Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Finally, Morgan Stanley cut their price objective on shares of Teradyne from $112.00 to $81.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $121.44.

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.