Citigroup Inc. Sells 78,936 Shares of Teradyne, Inc. (NASDAQ:TER)

Citigroup Inc. lessened its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,288,493 shares of the company's stock after selling 78,936 shares during the period. Citigroup Inc. owned approximately 0.79% of Teradyne worth $172,568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of TER. Swedbank AB increased its holdings in shares of Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company's stock valued at $95,145,000 after acquiring an additional 426,900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company's stock worth $325,814,000 after acquiring an additional 374,522 shares during the period. Eagle Asset Management Inc. lifted its position in Teradyne by 70.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company's stock worth $99,404,000 after acquiring an additional 307,724 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Teradyne by 4,695.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company's stock worth $43,041,000 after acquiring an additional 284,197 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Teradyne in the 2nd quarter valued at approximately $41,467,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Price Performance

Shares of NASDAQ TER traded up $2.69 during midday trading on Friday, hitting $108.21. 1,607,834 shares of the company's stock were exchanged, compared to its average volume of 2,047,725. The stock's 50 day moving average price is $120.46 and its 200-day moving average price is $131.65. The firm has a market cap of $17.62 billion, a P/E ratio of 34.10, a PEG ratio of 2.22 and a beta of 1.52. Teradyne, Inc. has a twelve month low of $90.24 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne announced that its board has initiated a share buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a $0.12 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. Teradyne's dividend payout ratio is currently 15.24%.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Richard John Burns sold 789 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now directly owns 21,864 shares of the company's stock, valued at $2,903,539.20. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction on Wednesday, September 11th. The stock was 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 directly owns 83,816 shares in the company, valued at $10,896,080. This trade represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,199 shares of company stock valued at $1,080,634. Corporate insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on TER shares. StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a report on Sunday, October 27th. Susquehanna raised their price objective on Teradyne from $130.00 to $145.00 and gave the company a "positive" rating in a research note on Friday, July 26th. Stifel Nicolaus dropped their price objective on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Teradyne presently has a consensus rating of "Hold" and an average target price of $142.62.

Teradyne Company 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.