BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 3,245 Shares of Teradyne, Inc. (NASDAQ:TER)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 11.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,052 shares of the company’s stock after selling 3,245 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Teradyne were worth $3,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares during the period. Van ECK Associates Corp grew its position in shares of Teradyne by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock worth $383,501,000 after buying an additional 183,721 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after acquiring an additional 374,522 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Teradyne by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock valued at $299,073,000 after acquiring an additional 47,157 shares in the last quarter. Finally, Alkeon Capital Management LLC lifted its position in shares of Teradyne by 189.6% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after acquiring an additional 749,003 shares during the period. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,574 shares of company stock worth $997,203 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Northland Securities reduced their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday, August 16th. Finally, Robert W. Baird cut their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $142.62.

Teradyne Price Performance

TER opened at $115.47 on Wednesday. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of 2.45 and a beta of 1.51. The firm’s fifty day moving average price is $117.62 and its two-hundred day moving average price is $130.99.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period in the prior year, the firm posted $0.80 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne declared that its board has authorized a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given a $0.12 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne 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.