Robeco Schweiz AG Trims Stock Position in Teradyne, Inc. (NASDAQ:TER)

Robeco Schweiz AG lessened its holdings in Teradyne, Inc. (NASDAQ:TER) by 13.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 326,519 shares of the company’s stock after selling 48,645 shares during the quarter. Robeco Schweiz AG’s holdings in Teradyne were worth $41,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TER. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Teradyne in the 3rd quarter worth $2,221,000. Van ECK Associates Corp lifted its stake in 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 in the last quarter. Cerity Partners LLC increased its stake in Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after buying an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in 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 shares of Teradyne by 30.5% in the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after purchasing an additional 20,762 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 1,384 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 directly owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,479 shares of company stock worth $1,013,134. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price objective on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday, January 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock 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 report on Monday, January 6th. Finally, Northland Securities dropped their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Stock Performance

Shares of TER opened at $114.81 on Thursday. The firm has a fifty day moving average of $124.16 and a 200-day moving average of $122.86. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 1 year low of $95.80 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its board has authorized 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 repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is currently 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.