Invesco Ltd. Acquires 92,195 Shares of Teradyne, Inc. (NASDAQ:TER)

Invesco Ltd. increased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,403,193 shares of the company's stock after acquiring an additional 92,195 shares during the quarter. Invesco Ltd. owned about 1.48% of Teradyne worth $302,610,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Centiva Capital LP raised its position in shares of Teradyne by 30.2% in the 3rd quarter. Centiva Capital LP now owns 1,767 shares of the company's stock worth $237,000 after acquiring an additional 410 shares in the last quarter. Wellington Management Group LLP grew its stake in Teradyne by 9.1% during the third quarter. Wellington Management Group LLP now owns 10,684 shares of the company's stock worth $1,431,000 after purchasing an additional 890 shares during the period. EP Wealth Advisors LLC increased its holdings in Teradyne by 15.4% in the third quarter. EP Wealth Advisors LLC now owns 3,493 shares of the company's stock worth $468,000 after purchasing an additional 466 shares in the last quarter. XTX Topco Ltd acquired a new position in Teradyne in the third quarter valued at approximately $571,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings 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. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Down 2.5 %

TER stock traded down $1.83 during trading on Wednesday, reaching $72.23. The stock had a trading volume of 782,790 shares, compared to its average volume of 3,317,616. Teradyne, Inc. has a one year low of $65.77 and a one year high of $163.21. The company's 50 day moving average is $94.75 and its two-hundred day moving average is $112.11. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 21.69, 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 quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. As a group, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

Insider Buying and Selling

In related news, CFO Sanjay Mehta sold 614 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $62,628.00. Following the sale, the chief financial officer now owns 30,446 shares of the company's stock, valued at approximately $3,105,492. This represents a 1.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the firm'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 transaction, the vice president now directly owns 4,312 shares of the company's stock, valued at approximately $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,399 shares of company stock valued at $612,734. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

TER has been the subject of several research analyst reports. KeyCorp decreased their price target on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Morgan Stanley cut their price target on Teradyne from $112.00 to $81.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. decreased their price objective on Teradyne from $145.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Finally, Vertical Research initiated coverage on Teradyne in a report on Friday, March 7th. They issued a "buy" rating and a $135.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $121.44.

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.