2Xideas AG Sells 945 Shares of Teradyne, Inc. (NASDAQ:TER)

2Xideas AG trimmed its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,882 shares of the company’s stock after selling 945 shares during the quarter. 2Xideas AG’s holdings in Teradyne were worth $6,407,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Roberts Glore & Co. Inc. IL lifted its stake in Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after purchasing an additional 90 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Teradyne by 3.1% during the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after buying an additional 105 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after buying an additional 108 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Teradyne by 4.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock valued at $429,000 after acquiring an additional 119 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in Teradyne by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock worth $283,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 407 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,399 shares of company stock valued at $612,734. 0.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TER has been the topic of several research reports. Morgan Stanley decreased their price target on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Robert W. Baird dropped their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Vertical Research started coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price target on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $121.44.

Teradyne Stock Down 8.5 %

Shares of NASDAQ TER opened at $68.72 on Friday. Teradyne, Inc. has a 12-month low of $67.12 and a 12-month high of $163.21. The firm has a market cap of $11.05 billion, a PE ratio of 20.64, a P/E/G ratio of 2.83 and a beta of 1.65. The company’s fifty day simple moving average is $102.41 and its 200 day simple moving average is $115.64.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 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%. On average, equities analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

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.