Reynders McVeigh Capital Management LLC Cuts Position in Teradyne, Inc. (NASDAQ:TER)

Reynders McVeigh Capital Management LLC decreased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 138,312 shares of the company's stock after selling 3,887 shares during the quarter. Reynders McVeigh Capital Management LLC owned 0.08% of Teradyne worth $17,416,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in Teradyne by 9.1% in the 3rd quarter. Wellington Management Group LLP now owns 10,684 shares of the company's stock valued at $1,431,000 after purchasing an additional 890 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Teradyne during the 3rd quarter worth approximately $571,000. M&T Bank Corp grew its position in shares of Teradyne by 41.1% in the third quarter. M&T Bank Corp now owns 8,645 shares of the company's stock valued at $1,158,000 after purchasing an additional 2,519 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Teradyne by 5.2% in the third quarter. Coldstream Capital Management Inc. now owns 3,178 shares of the company's stock valued at $421,000 after purchasing an additional 156 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in Teradyne by 64.3% during the third quarter. Toronto Dominion Bank now owns 86,164 shares of the company's stock worth $11,540,000 after buying an additional 33,714 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Down 0.0 %

NASDAQ:TER traded down $0.02 during midday trading on Friday, hitting $71.14. 3,055,745 shares of the company were exchanged, compared to its average volume of 2,559,753. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21. The company has a market capitalization of $11.44 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. The company has a fifty day simple moving average of $93.05 and a 200 day simple moving average of $111.39.

Teradyne (NASDAQ:TER - Get Free Report) last announced 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, equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.67%. Teradyne's dividend payout ratio (DPR) is 14.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating for the company in a report on Wednesday. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. Cantor Fitzgerald lowered their price target on Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Finally, KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $118.94.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares in the company, valued at $439,824. This trade represents a 9.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 407 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares of the company's stock, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,399 shares of company stock worth $612,734 in the last 90 days. Company insiders own 0.36% of the company's stock.

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.