Swedbank AB Sells 597,400 Shares of Teradyne, Inc. (NASDAQ:TER)

Swedbank AB cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 90.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,684 shares of the company's stock after selling 597,400 shares during the period. Swedbank AB's holdings in Teradyne were worth $7,515,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. State Street Corp boosted its position in shares of Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company's stock valued at $921,458,000 after buying an additional 350,002 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Teradyne by 5.5% during the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company's stock valued at $535,484,000 after buying an additional 209,868 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Teradyne by 6.3% during the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company's stock valued at $383,501,000 after buying an additional 183,721 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Teradyne by 18.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock valued at $325,814,000 after buying an additional 374,522 shares during the last quarter. Finally, Aspex Management HK Ltd boosted its position in shares of Teradyne by 11.5% during the third quarter. Aspex Management HK Ltd now owns 2,387,433 shares of the company's stock valued at $319,749,000 after buying an additional 246,914 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the transaction, the chief financial officer now owns 36,576 shares of the company's stock, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 in the last quarter. 0.18% of the stock is currently owned by insiders.

Teradyne Trading Up 0.8 %

TER traded up $0.94 on Wednesday, hitting $112.61. 2,844,572 shares of the company's stock traded hands, compared to its average volume of 2,930,429. The company's 50 day simple moving average is $125.43 and its 200-day simple moving average is $124.37. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 2.67 and a beta of 1.45. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21.

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 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 analysts anticipate that Teradyne, Inc. will post 4.02 EPS for the current fiscal year.

Teradyne declared that its board has initiated a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 0.43%. The ex-dividend date is Friday, February 14th. Teradyne's payout ratio is 14.41%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TER. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. KeyCorp dropped their target price on Teradyne from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Robert W. Baird dropped their target price on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Susquehanna raised their target price on Teradyne from $145.00 to $165.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Finally, Northland Securities dropped their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of "Moderate Buy" and an average price target of $143.77.

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.