Gateway Investment Advisers LLC Sells 2,809 Shares of Teradyne, Inc. (NASDAQ:TER)

Gateway Investment Advisers LLC reduced its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,341 shares of the company's stock after selling 2,809 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.07% of Teradyne worth $13,894,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TER. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Teradyne in the 3rd quarter worth $2,221,000. MBB Public Markets I LLC bought a new stake in Teradyne in the 2nd quarter worth about $1,619,000. Cerity Partners LLC increased its stake in Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock valued at $1,523,000 after buying an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock worth $10,325,000 after buying an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock worth $11,878,000 after buying an additional 20,762 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised Teradyne from a "neutral" rating to an "overweight" rating and increased their price target for the company from $145.00 to $158.00 in a research report on Monday, December 16th. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Northland Securities raised shares of Teradyne from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $117.00 to $154.00 in a report on Monday, January 6th. Evercore ISI raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus lowered their price objective on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and a consensus target price of $150.33.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares of the company's stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Teradyne Trading Up 0.6 %

Shares of TER stock traded up $0.83 during trading on Friday, reaching $138.40. 2,253,431 shares of the company's stock traded hands, compared to its average volume of 2,165,627. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The company has a market capitalization of $22.54 billion, a P/E ratio of 43.94, a PEG ratio of 2.23 and a beta of 1.46. The firm's 50-day moving average is $120.70 and its 200 day moving average is $127.34.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.35%. Teradyne's dividend payout ratio (DPR) is currently 15.24%.

Teradyne declared that its board has approved a share buyback 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.