American Century Companies Inc. Decreases Holdings in Teradyne, Inc. (NASDAQ:TER)

American Century Companies Inc. lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 499,332 shares of the company’s stock after selling 87,769 shares during the period. American Century Companies Inc. owned about 0.31% of Teradyne worth $62,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TER. Compass Financial Services Inc purchased a new stake in shares of Teradyne during the fourth quarter worth $33,000. AllSquare Wealth Management LLC boosted its position in Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after acquiring an additional 200 shares during the last quarter. Manchester Capital Management LLC grew its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Atala Financial Inc acquired a new stake in Teradyne in the 4th quarter valued at about $47,000. Finally, Brooklyn Investment Group purchased a new position in Teradyne in the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 407 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,479 shares of company stock worth $1,013,134. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TER. Vertical Research began coverage on Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 price objective on the stock. KeyCorp decreased their target price on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Stifel Nicolaus cut their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, March 12th. Citigroup decreased their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, Bank of America cut their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $121.44.

Teradyne Trading Down 1.2 %

NASDAQ:TER opened at $89.95 on Wednesday. Teradyne, Inc. has a 12-month low of $82.98 and a 12-month high of $163.21. The firm has a market cap of $14.55 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The stock has a fifty day moving average price of $110.99 and a 200 day moving average price of $118.21.

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

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, February 14th. 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.