Teradyne, Inc. (NASDAQ:TER) Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its position in Teradyne, Inc. (NASDAQ:TER) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,770 shares of the company’s stock after acquiring an additional 1,857 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Teradyne were worth $9,437,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TER. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Teradyne during the third quarter worth approximately $2,221,000. Van ECK Associates Corp raised its holdings in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the period. Cerity Partners LLC boosted its position in shares of Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after acquiring an additional 5,294 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock valued at $10,325,000 after purchasing an additional 11,541 shares during the period. Finally, Franklin Resources Inc. increased its position in Teradyne by 30.5% during the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after purchasing an additional 20,762 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on TER. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Susquehanna increased their price target on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. KeyCorp reduced their price objective on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $143.77.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the sale, the chief financial officer now owns 36,576 shares in the company, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 in the last ninety days. Insiders own 0.36% of the company’s stock.

Teradyne Price Performance

TER stock opened at $110.21 on Thursday. Teradyne, Inc. has a 1 year low of $95.80 and a 1 year high of $163.21. The firm has a market capitalization of $17.82 billion, a P/E ratio of 33.10, a P/E/G ratio of 2.83 and a beta of 1.46. The business’s 50-day moving average is $122.21 and its two-hundred day moving average is $122.18.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

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

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.