Robertson Stephens Wealth Management LLC trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 52.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,129 shares of the company's stock after selling 3,424 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Teradyne were worth $394,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of TER. Assenagon Asset Management S.A. grew its position in Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock worth $116,233,000 after acquiring an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC grew its position in shares of Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock worth $153,218,000 after buying an additional 749,003 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $91,129,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock worth $325,814,000 after buying an additional 374,522 shares during the last quarter. Finally, State Street Corp grew its position in shares of Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after buying an additional 350,002 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.
Insider Transactions at Teradyne
In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was 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 approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ryan Driscoll sold 437 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares in the company, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 over the last 90 days. Company insiders own 0.36% of the company's stock.
Teradyne Stock Down 1.2 %
NASDAQ:TER traded down $1.34 during mid-day trading on Tuesday, hitting $112.72. 1,697,329 shares of the company traded hands, compared to its average volume of 2,771,090. The stock's fifty day moving average price is $125.72 and its 200-day moving average price is $123.52. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45.
Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (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%. Equities analysts predict that Teradyne, Inc. will post 3.91 EPS for the current year.
Teradyne announced that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.
Teradyne Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 14th. Teradyne's dividend payout ratio (DPR) is 14.41%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on TER shares. Craig Hallum cut their price objective on Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Morgan Stanley lowered Teradyne from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. KeyCorp dropped their price target on Teradyne from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $143.77.
Read Our Latest Stock Analysis on Teradyne
Teradyne Company Profile
(
Free Report)
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.
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