Meeder Asset Management Inc. Lowers Stock Position in Teradyne, Inc. (NASDAQ:TER)

Meeder Asset Management Inc. lessened its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 32.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,192 shares of the company's stock after selling 10,607 shares during the quarter. Meeder Asset Management Inc.'s holdings in Teradyne were worth $2,794,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new position in Teradyne in the 4th quarter valued at about $33,000. AllSquare Wealth Management LLC lifted its holdings in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC grew its position in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after acquiring an additional 227 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Teradyne during the fourth quarter worth $45,000. Finally, Atala Financial Inc purchased a new stake in Teradyne in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

TER has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Northland Securities decreased their price objective on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Robert W. Baird lowered their price target on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Citigroup dropped their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Finally, UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.44.

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Teradyne Stock Down 10.1 %

NASDAQ:TER traded down $8.47 during mid-day trading on Thursday, reaching $75.15. 2,757,438 shares of the stock were exchanged, compared to its average volume of 2,406,780. Teradyne, Inc. has a 1 year low of $74.39 and a 1 year high of $163.21. The company has a 50 day simple moving average of $104.77 and a 200-day simple moving average of $116.43. The stock has a market capitalization of $12.15 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (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%. As a group, research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio is presently 14.41%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business'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 sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 in the last three months. 0.36% of the stock is currently owned by company insiders.

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.