Teradyne, Inc. (NASDAQ:TER) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 87.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,415 shares of the company's stock after selling 23,046 shares during the quarter. Bessemer Group Inc.'s holdings in Teradyne were worth $430,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of Teradyne by 9.1% during the 3rd quarter. Wellington Management Group LLP now owns 10,684 shares of the company's stock valued at $1,431,000 after acquiring an additional 890 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of Teradyne during the third quarter worth about $95,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Teradyne during the third quarter worth about $81,000. Tidal Investments LLC boosted its position in shares of Teradyne by 61.6% in the third quarter. Tidal Investments LLC now owns 18,197 shares of the company's stock worth $2,437,000 after buying an additional 6,933 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock valued at $11,878,000 after buying an additional 20,762 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of TER stock traded down $2.14 on Monday, hitting $69.11. 131,970 shares of the stock traded hands, compared to its average volume of 2,550,711. The company has a market capitalization of $11.12 billion, a PE ratio of 20.76, a PEG ratio of 2.83 and a beta of 1.65. The company's fifty day moving average is $92.22 and its 200 day moving average is $110.73. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. As a group, equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is 14.41%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TER shares. Vertical Research started coverage on Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 price target on the stock. TD Cowen reduced their target price on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Cantor Fitzgerald decreased their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Finally, Morgan Stanley dropped their target price on Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $118.94.

Insider Buying and Selling

In other news, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now owns 20,764 shares of the company's stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 1,789 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 $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,399 shares of company stock worth $612,734 in the last three months. 0.16% of the stock is owned by insiders.

Teradyne Company 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.