Keybank National Association OH Acquires 1,027 Shares of Teradyne, Inc. (NASDAQ:TER)

Keybank National Association OH lifted its holdings in Teradyne, Inc. (NASDAQ:TER) by 32.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,212 shares of the company’s stock after purchasing an additional 1,027 shares during the period. Keybank National Association OH’s holdings in Teradyne were worth $530,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Teradyne in the 3rd quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new position in Teradyne in the 4th quarter valued at approximately $33,000. Manchester Capital Management LLC raised its holdings in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Coastline Trust Co acquired a new position in Teradyne in the 3rd quarter valued at approximately $46,000. Finally, Brooklyn Investment Group acquired a new position in Teradyne in the 3rd quarter valued at approximately $52,000. 99.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. 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. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. KeyCorp dropped their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Vertical Research started coverage on Teradyne in a research report on Friday. They set a “buy” rating and a $135.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.14.

Teradyne Stock Up 3.0 %

NASDAQ:TER opened at $108.54 on Monday. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21. The firm has a market capitalization of $17.55 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.83 and a beta of 1.46. The stock’s fifty day simple moving average is $121.30 and its 200-day simple moving average is $121.72.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) 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%. As a group, equities research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is presently 14.41%.

Teradyne declared that its Board of Directors has authorized a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Teradyne news, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction dated 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 owns 20,764 shares of the company’s stock, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction dated 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 directly owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by company 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.