Teradyne, Inc. (NASDAQ:TER) Shares Sold by PGGM Investments

PGGM Investments lowered its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 30.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,866 shares of the company's stock after selling 5,538 shares during the quarter. PGGM Investments' holdings in Teradyne were worth $1,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new stake in Teradyne during the fourth quarter valued at $33,000. Manchester Capital Management LLC grew its position in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after buying an additional 227 shares during the period. Coastline Trust Co acquired a new stake in Teradyne during the third quarter valued at $46,000. Brooklyn Investment Group acquired a new stake in Teradyne during the third quarter valued at $52,000. Finally, Quarry LP grew its position in Teradyne by 91.9% during the third quarter. Quarry LP now owns 451 shares of the company's stock valued at $60,000 after buying an additional 216 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Down 1.4 %

Teradyne stock traded down $1.30 during midday trading on Tuesday, hitting $88.87. 3,673,955 shares of the stock were exchanged, compared to its average volume of 2,275,994. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.83 and a beta of 1.46. The stock's 50-day simple moving average is $116.61 and its 200 day simple moving average is $119.88.

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Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's payout ratio is currently 14.41%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TER. Vertical Research began coverage on shares of Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price objective on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, Morgan Stanley decreased their price objective on shares of Teradyne from $112.00 to $81.00 and set an "underweight" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

Insider Buying and Selling

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 transaction of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares of the company's stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. Insiders own 0.36% of the company's stock.

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.