Teradyne, Inc. (NASDAQ:TER) Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. reduced its holdings in Teradyne, Inc. (NASDAQ:TER) by 14.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,414 shares of the company’s stock after selling 2,290 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Teradyne were worth $1,689,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Teradyne during the 3rd quarter worth $29,000. Coastline Trust Co purchased a new position in Teradyne in the third quarter valued at about $46,000. Brooklyn Investment Group acquired a new stake in shares of Teradyne during the 3rd quarter valued at approximately $52,000. Quarry LP boosted its stake in shares of Teradyne by 91.9% during the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after acquiring an additional 216 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of Teradyne in the 3rd quarter worth approximately $67,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of TER opened at $114.07 on Friday. Teradyne, Inc. has a 1 year low of $95.80 and a 1 year high of $163.21. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. The firm has a fifty day moving average of $125.64 and a 200-day moving average of $124.21.

Teradyne (NASDAQ:TER) last issued its quarterly 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%. Analysts predict that Teradyne, Inc. will post 4.02 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne’s dividend payout ratio is presently 14.41%.

Teradyne declared that its Board of Directors has authorized a share buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TER. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. UBS Group dropped their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $143.77.

Insider Buying and Selling

In other news, CFO Sanjay Mehta sold 614 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares in the company, valued at approximately $3,105,492. This represents a 1.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s 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 sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.