Teradyne, Inc. (NASDAQ:TER) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,528 shares of the company's stock after selling 2,656 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.08% of Teradyne worth $16,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Whittier Trust Co. lifted its stake in Teradyne by 10.2% during the third quarter. Whittier Trust Co. now owns 950 shares of the company's stock worth $127,000 after purchasing an additional 88 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Teradyne by 10.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company's stock worth $149,000 after purchasing an additional 103 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock worth $858,000 after purchasing an additional 104 shares during the last quarter. GAMMA Investing LLC lifted its stake in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock worth $434,000 after purchasing an additional 105 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock valued at $2,666,000 after buying an additional 108 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Up 0.7 %

TER stock traded up $0.82 on Wednesday, reaching $115.90. 1,557,778 shares of the company's stock were exchanged, compared to its average volume of 2,630,297. The stock has a fifty day moving average of $125.27 and a 200-day moving average of $123.04. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The firm has a market cap of $18.88 billion, a PE ratio of 34.80, a P/E/G ratio of 2.68 and a beta of 1.45.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. On average, equities research analysts predict that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, February 14th. Teradyne's dividend payout ratio (DPR) is 14.41%.

Teradyne announced that its board has approved 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 buy up to 0.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on TER. KeyCorp reduced their price objective on Teradyne from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Robert W. Baird reduced 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. Susquehanna boosted their price objective on Teradyne from $145.00 to $165.00 and gave the company a "positive" rating in a research note on Wednesday, January 22nd. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley lowered Teradyne from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.77.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 74,660 shares of the company's stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard John Burns sold 445 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. Insiders own 0.18% 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.