Boston Family Office LLC Sells 1,724 Shares of Teradyne, Inc. (NASDAQ:TER)

Boston Family Office LLC reduced its stake in Teradyne, Inc. (NASDAQ:TER) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,947 shares of the company’s stock after selling 1,724 shares during the period. Boston Family Office LLC owned 0.07% of Teradyne worth $13,593,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TER. Vanguard Group Inc. raised its position in shares of Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock worth $2,569,511,000 after purchasing an additional 92,428 shares during the period. State Street Corp increased its stake in Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares in the last quarter. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Teradyne by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock valued at $515,665,000 after buying an additional 94,374 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after buying an additional 393,175 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on 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 $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by insiders.

Teradyne Stock Performance

Shares of TER stock opened at $82.60 on Tuesday. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $79.60 and a 52 week high of $163.21. The firm’s 50-day simple moving average is $106.79 and its two-hundred day simple moving average is $117.01.

Teradyne (NASDAQ:TER) last posted its quarterly 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%. Analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

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 was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Teradyne’s payout ratio is 14.41%.

Analyst Ratings Changes

TER has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Bank of America cut their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Northland Securities lowered their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, TD Cowen cut their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $121.44.

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.