Global X Japan Co. Ltd. Sells 2,424 Shares of Teradyne, Inc. (NASDAQ:TER)

Global X Japan Co. Ltd. cut its stake in Teradyne, Inc. (NASDAQ:TER) by 13.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,704 shares of the company’s stock after selling 2,424 shares during the period. Global X Japan Co. Ltd.’s holdings in Teradyne were worth $2,103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne in the second quarter valued at $27,000. Rothschild Investment LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at $33,000. Quarry LP lifted its holdings in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares during the period. Tortoise Investment Management LLC boosted its position in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after acquiring an additional 342 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,977 shares of company stock worth $1,979,834. Insiders own 0.36% of the company’s stock.

Teradyne Stock Down 0.5 %

Teradyne stock opened at $125.36 on Wednesday. The business’s 50-day simple moving average is $130.31 and its 200 day simple moving average is $131.77. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 47.67, a P/E/G ratio of 2.58 and a beta of 1.49. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. As a group, sell-side analysts expect that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio is presently 18.25%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TER. Susquehanna lifted their price objective on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. KeyCorp increased their price objective on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Evercore ISI boosted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Citigroup dropped their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $142.57.

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.