Global X Japan Co. Ltd. reduced its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,414 shares of the company's stock after selling 2,290 shares during the quarter. Global X Japan Co. Ltd.'s holdings in Teradyne were worth $1,689,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Teradyne in the third quarter worth approximately $2,221,000. Cerity Partners LLC boosted its stake in Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company's stock valued at $1,523,000 after purchasing an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company's stock valued at $10,325,000 after buying an additional 11,541 shares during the period. Franklin Resources Inc. increased its position in shares of Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock valued at $11,878,000 after purchasing an additional 20,762 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in Teradyne by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock valued at $51,398,000 after purchasing an additional 13,020 shares in the last quarter. Institutional investors own 99.77% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Northland Securities cut their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, January 31st. KeyCorp reduced their target price on shares of Teradyne from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. UBS Group lowered their price objective on Teradyne from $160.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Craig Hallum decreased their price objective on Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Finally, Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.77.
View Our Latest Stock Report on TER
Teradyne Stock Performance
Shares of TER stock traded down $1.03 during trading on Tuesday, hitting $113.03. The company had a trading volume of 695,681 shares, compared to its average volume of 2,732,271. The firm has a market capitalization of $18.41 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45. The stock's 50-day moving average price is $125.72 and its 200 day moving average price is $123.52. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21.
Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results 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%. On average, research analysts anticipate that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.
Teradyne Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne's dividend payout ratio (DPR) is presently 14.41%.
Teradyne declared that its Board of Directors has authorized a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Insider Buying and Selling at Teradyne
In related news, CFO Sanjay Mehta sold 1,384 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the sale, the chief financial officer now directly owns 36,576 shares in the company, valued at $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 over the last 90 days. Insiders own 0.36% of the company's stock.
About Teradyne
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Free Report)
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.
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