Cornercap Investment Counsel Inc. Sells 268 Shares of Teradyne, Inc. (NASDAQ:TER)

Cornercap Investment Counsel Inc. lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,748 shares of the company’s stock after selling 268 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Teradyne were worth $724,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TER. Allstate Corp acquired a new position in Teradyne in the fourth quarter valued at about $596,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Teradyne by 71.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 557 shares of the company’s stock worth $70,000 after acquiring an additional 232 shares in the last quarter. DnB Asset Management AS grew its position in Teradyne by 35.8% during the 4th quarter. DnB Asset Management AS now owns 38,084 shares of the company’s stock worth $4,796,000 after acquiring an additional 10,030 shares during the last quarter. denkapparat Operations GmbH acquired a new stake in Teradyne during the 4th quarter valued at $256,000. Finally, Pictet Asset Management Holding SA raised its position in Teradyne by 38.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company’s stock valued at $235,966,000 after purchasing an additional 523,296 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the subject of a number of research reports. TD Cowen lowered their target price on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Bank of America decreased their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Citigroup dropped their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Finally, Vertical Research started coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Insider Buying and Selling

In other Teradyne news, insider Richard John Burns sold 445 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares in the company, valued at approximately $2,808,544.59. This represents a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction dated 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 owns 36,576 shares in the company, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is owned by corporate insiders.

Teradyne Trading Down 3.4 %

Teradyne stock opened at $82.78 on Friday. The firm has a market capitalization of $13.39 billion, a P/E ratio of 24.86, a PEG ratio of 2.83 and a beta of 1.46. The business has a 50-day moving average of $107.90 and a 200-day moving average of $117.43. Teradyne, Inc. has a 1 year low of $82.47 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last released 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%. Research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Teradyne’s dividend payout ratio is presently 14.41%.

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.