Teradyne, Inc. (NASDAQ:TER) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc decreased its position in Teradyne, Inc. (NASDAQ:TER) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,328 shares of the company’s stock after selling 1,100 shares during the quarter. Capital Investment Counsel Inc’s holdings in Teradyne were worth $4,071,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TER. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after acquiring an additional 1,846,079 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Teradyne by 1,767.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after acquiring an additional 873,626 shares in the last quarter. Alkeon Capital Management LLC raised its holdings in Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after acquiring an additional 749,003 shares in the last quarter. Holocene Advisors LP acquired a new stake in Teradyne in the third quarter valued at approximately $91,129,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after purchasing an additional 393,175 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

NASDAQ:TER opened at $118.55 on Friday. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21. The firm’s fifty day moving average price is $125.14 and its 200 day moving average price is $122.96. The firm has a market cap of $19.31 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 2.74 and a beta of 1.45.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating 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%. As a group, analysts expect that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne announced that its board has approved a stock repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TER shares. Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a report on Thursday, January 30th. Craig Hallum cut their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. UBS Group cut their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. One 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the transaction, the chief financial officer now owns 36,576 shares of the company’s stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 in the last 90 days. 0.36% of the stock is currently owned by insiders.

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.