Teradyne, Inc. (NASDAQ:TER) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in Teradyne, Inc. (NASDAQ:TER) by 44.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,573 shares of the company’s stock after selling 14,603 shares during the quarter. State of Alaska Department of Revenue’s holdings in Teradyne were worth $2,338,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after buying an additional 873,626 shares in the last quarter. Alkeon Capital Management LLC grew its holdings in Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after buying an additional 749,003 shares in the last quarter. Holocene Advisors LP purchased a new stake in Teradyne in the 3rd quarter valued at $91,129,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Teradyne by 18.2% in the 3rd 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 in the last quarter. Finally, State Street Corp grew its holdings in Teradyne by 5.4% in the 3rd 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 in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $114.06 on Tuesday. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The firm has a market capitalization of $18.58 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45. The stock’s 50-day simple moving average is $125.72 and its 200-day simple moving average is $123.52.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

Teradyne announced that its board has authorized a share buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Insider Buying and Selling at Teradyne

In related news, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the sale, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares in the company, valued at approximately $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TER. JPMorgan Chase & Co. dropped their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. KeyCorp lowered their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. UBS Group lowered their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Robert W. Baird lowered their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company 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.