National Bank of Canada FI Sells 104,644 Shares of Teradyne, Inc. (NASDAQ:TER)

National Bank of Canada FI trimmed its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 50.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,892 shares of the company's stock after selling 104,644 shares during the period. National Bank of Canada FI owned approximately 0.06% of Teradyne worth $12,956,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Teradyne in the 4th quarter valued at $270,989,000. Van ECK Associates Corp grew its holdings in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after buying an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Teradyne during the 4th quarter worth approximately $160,087,000. Assenagon Asset Management S.A. lifted its position in shares of Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after acquiring an additional 873,626 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in shares of Teradyne by 38.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company's stock worth $235,966,000 after purchasing an additional 523,296 shares during the period. Institutional investors own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TER shares. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Vertical Research initiated coverage on Teradyne in a research note on Friday, March 7th. They issued a "buy" rating and a $135.00 price target for the company. Stifel Nicolaus lowered their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald reduced their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. Finally, TD Cowen cut their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Teradyne has an average rating of "Moderate Buy" and a consensus price target of $121.44.

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Insider Transactions at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now directly owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard John Burns sold 445 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares of the company's stock, valued at $2,808,544.59. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,399 shares of company stock worth $612,734. Company insiders own 0.36% of the company's stock.

Teradyne Stock Down 10.0 %

NASDAQ:TER traded down $7.96 during midday trading on Thursday, hitting $71.48. The company had a trading volume of 1,347,578 shares, compared to its average volume of 3,281,073. The company has a market capitalization of $11.50 billion, a PE ratio of 21.54, a P/E/G ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The stock's fifty day moving average price is $97.86 and its 200-day moving average price is $113.77.

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is 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.