Canada Pension Plan Investment Board Reduces Stock Position in Teradyne, Inc. (NASDAQ:TER)

Canada Pension Plan Investment Board trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 513,700 shares of the company’s stock after selling 2,000 shares during the period. Canada Pension Plan Investment Board owned about 0.32% of Teradyne worth $64,685,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TER. Roberts Glore & Co. Inc. IL lifted its stake in shares of Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after buying an additional 90 shares during the period. Covestor Ltd raised its holdings in Teradyne by 12.3% in the 4th quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after acquiring an additional 99 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 purchasing an additional 105 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Teradyne by 4.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock worth $429,000 after purchasing an additional 119 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in shares of Teradyne by 5.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock valued at $283,000 after purchasing an additional 124 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the sale, the chief financial officer now directly owns 30,446 shares of the company’s stock, valued at $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction dated 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 sale, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This 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 have sold 5,399 shares of company stock worth $612,734. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on TER. Northland Securities reduced their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Morgan Stanley cut their price objective on shares of Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a report on Wednesday. Susquehanna lowered their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday, March 12th. Citigroup cut their price target on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Finally, Bank of America lowered their price objective on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.94.

Teradyne Stock Performance

TER stock opened at $71.14 on Friday. The firm has a market cap of $11.44 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $163.21. The stock has a 50-day simple moving average of $92.22 and a 200-day simple moving average of $110.99.

Teradyne (NASDAQ:TER) last issued 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 net margin of 19.23% and a return on equity of 19.08%. On average, equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, February 14th. Teradyne’s 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.