Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 321.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,614 shares of the company's stock after purchasing an additional 69,894 shares during the quarter. Cibc World Markets Corp owned approximately 0.06% of Teradyne worth $11,536,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in Teradyne by 5.4% in the third 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. Van ECK Associates Corp increased its holdings in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC increased its holdings in Teradyne by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company's stock worth $535,484,000 after acquiring an additional 209,868 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after acquiring an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Teradyne by 7.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company's stock worth $302,582,000 after purchasing an additional 157,838 shares during the period. 99.77% of the stock is currently owned by institutional investors.

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Teradyne Trading Down 0.8 %

Shares of TER traded down $0.67 during trading hours on Friday, reaching $87.51. 5,930,136 shares of the company traded hands, compared to its average volume of 2,294,644. The stock's fifty day moving average price is $113.66 and its 200 day moving average price is $119.11. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12-month low of $82.98 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. Teradyne's dividend payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

TER has been the topic of a number of analyst reports. Morgan Stanley decreased their price objective on Teradyne from $112.00 to $81.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Cantor Fitzgerald decreased their price target on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Bank of America lowered their price target on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Citigroup reduced their price objective on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and an average price target of $121.44.

Insider Activity at Teradyne

In other 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 transaction of $400,400.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 407 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last three months. 0.36% of the stock is owned by corporate insiders.

About Teradyne

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.