Whittier Trust Co. Sells 283 Shares of Teradyne, Inc. (NASDAQ:TER)

Whittier Trust Co. lowered its position in Teradyne, Inc. (NASDAQ:TER) by 29.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 667 shares of the company’s stock after selling 283 shares during the quarter. Whittier Trust Co.’s holdings in Teradyne were worth $84,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of 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 purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Teradyne in the 4th quarter valued at $160,087,000. Assenagon Asset Management S.A. raised its stake in shares of 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 lifted its holdings in shares of Teradyne by 189.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after acquiring an additional 749,003 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of Teradyne during the 3rd quarter valued at about $91,129,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Northland Securities cut their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Robert W. Baird lowered their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. KeyCorp cut their price objective on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The sale was disclosed in a legal 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 that occurred 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 transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $91.00 on Tuesday. The stock’s fifty day moving average price is $111.88 and its two-hundred day moving average price is $118.43. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 52-week low of $82.98 and a 52-week high of $163.21.

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, beating 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, equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Teradyne Company 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.