Korea Investment CORP Has $15.92 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Korea Investment CORP trimmed its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,463 shares of the company's stock after selling 3,057 shares during the period. Korea Investment CORP owned 0.08% of Teradyne worth $15,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Compass Financial Services Inc bought a new position in Teradyne during the 4th quarter worth $33,000. AllSquare Wealth Management LLC raised its stake in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after purchasing an additional 227 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Teradyne during the 4th quarter worth approximately $45,000. Finally, Atala Financial Inc bought a new position in shares of Teradyne during the fourth quarter worth approximately $47,000. 99.77% of the stock is currently owned by institutional investors.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business's 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 transaction, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, 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 position. 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 quarter. Company insiders own 0.36% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of research firms have commented on TER. Cantor Fitzgerald lowered their price objective on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird dropped their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. TD Cowen reduced their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Northland Capmk raised Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, KeyCorp decreased their price target on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

Teradyne Stock Down 9.1 %

Shares of NASDAQ TER traded down $7.57 during trading on Thursday, reaching $76.05. The company had a trading volume of 1,533,091 shares, compared to its average volume of 2,400,325. The stock has a market cap of $12.30 billion, a P/E ratio of 22.84, a PEG ratio of 2.83 and a beta of 1.46. The company's fifty day moving average price is $104.77 and its 200-day moving average price is $116.43. Teradyne, Inc. has a 12 month low of $75.24 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last announced its 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 return on equity of 19.08% and a net margin of 19.23%. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio is presently 14.41%.

About Teradyne

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.