Teradyne, Inc. (NASDAQ:TER) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in Teradyne, Inc. (NASDAQ:TER) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 499,332 shares of the company’s stock after selling 87,769 shares during the quarter. American Century Companies Inc.’s holdings in Teradyne were worth $62,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Teradyne by 59.9% in the 4th 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 during the period. Raymond James Financial Inc. purchased a new position in Teradyne during the 4th quarter worth $160,087,000. Assenagon Asset Management S.A. increased its stake 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 purchasing an additional 873,626 shares during the period. Alkeon Capital Management LLC raised its holdings in shares of 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 buying an additional 749,003 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Teradyne during the third quarter worth about $91,129,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on TER. Cantor Fitzgerald reduced their price objective on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Northland Securities cut their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Morgan Stanley lowered their price objective on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. JPMorgan Chase & Co. dropped their price objective on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Finally, Citigroup reduced their target price on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

Teradyne Stock Performance

Teradyne stock opened at $89.95 on Wednesday. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The stock’s fifty day moving average is $110.99 and its two-hundred day moving average is $118.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data 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 net margin of 19.23% and a return on equity of 19.08%. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the sale, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 445 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares of the company’s stock, valued at $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is owned by corporate 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.