PGGM Investments Decreases Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

PGGM Investments lowered its position in Teradyne, Inc. (NASDAQ:TER) by 30.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,866 shares of the company’s stock after selling 5,538 shares during the quarter. PGGM Investments’ holdings in Teradyne were worth $1,620,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its stake in Teradyne by 98.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 59,623 shares of the company’s stock valued at $7,552,000 after buying an additional 29,587 shares during the last quarter. Erste Asset Management GmbH increased its holdings in shares of Teradyne by 9.7% during the fourth quarter. Erste Asset Management GmbH now owns 101,872 shares of the company’s stock valued at $13,285,000 after acquiring an additional 9,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Teradyne by 122.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,816 shares of the company’s stock valued at $4,636,000 after purchasing an additional 20,232 shares during the last quarter. AGF Management Ltd. boosted its stake in Teradyne by 102.8% in the 4th quarter. AGF Management Ltd. now owns 3,236 shares of the company’s stock worth $407,000 after purchasing an additional 1,640 shares in the last quarter. Finally, Inspire Advisors LLC grew its position in Teradyne by 341.7% during the 4th quarter. Inspire Advisors LLC now owns 24,664 shares of the company’s stock worth $3,106,000 after purchasing an additional 19,080 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Activity

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the transaction, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. This represents a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the sale, the chief financial officer now directly owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

TER opened at $85.33 on Friday. The company has a fifty day moving average of $118.48 and a two-hundred day moving average of $120.70. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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 research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given 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 0.56%. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Analyst Ratings Changes

TER has been the subject of several research reports. Bank of America lowered their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday. TD Cowen lowered their price target on Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group set a $130.00 price objective on Teradyne and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus decreased their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday. Finally, KeyCorp dropped their target price on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $123.69.

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.