Ieq Capital LLC Sells 8,145 Shares of Teradyne, Inc. (NASDAQ:TER)

Ieq Capital LLC reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,656 shares of the company's stock after selling 8,145 shares during the period. Ieq Capital LLC's holdings in Teradyne were worth $1,342,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TER. State Street Corp grew its position in Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after acquiring an additional 350,002 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company's stock valued at $535,484,000 after purchasing an additional 209,868 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock worth $355,837,000 after purchasing an additional 393,175 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Teradyne by 7.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company's stock valued at $302,582,000 after purchasing an additional 157,838 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares of the company's stock, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last quarter. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of analyst reports. KeyCorp decreased 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. Northland Securities lowered their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Teradyne from $158.00 to $145.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Morgan Stanley lowered shares of Teradyne from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Finally, Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of "Moderate Buy" and a consensus price target of $143.77.

Teradyne Stock Performance

Shares of NASDAQ TER traded up $2.25 during trading on Wednesday, reaching $113.60. The stock had a trading volume of 1,043,293 shares, compared to its average volume of 2,552,611. The company has a market cap of $18.37 billion, a P/E ratio of 34.19, a PEG ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The business's 50-day moving average price is $124.34 and its 200-day moving average price is $122.91.

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

Teradyne announced that its Board of Directors has approved a stock buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne's dividend payout ratio is currently 14.41%.

Teradyne 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.