Maj Invest Holding A S Lowers Holdings in Teradyne, Inc. (NASDAQ:TER)

Maj Invest Holding A S decreased its position in Teradyne, Inc. (NASDAQ:TER) by 99.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,630 shares of the company’s stock after selling 346,902 shares during the period. Teradyne comprises 0.0% of Maj Invest Holding A S’s portfolio, making the stock its 26th largest holding. Maj Invest Holding A S’s holdings in Teradyne were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Teradyne in the third quarter valued at about $2,221,000. MBB Public Markets I LLC acquired a new stake in Teradyne in the 2nd quarter valued at about $1,619,000. Cerity Partners LLC lifted its holdings in shares of Teradyne by 87.1% in the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after purchasing an additional 5,294 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after purchasing an additional 11,541 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after buying an additional 20,762 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

TER stock opened at $129.92 on Monday. The stock has a 50-day simple moving average of $123.95 and a 200-day simple moving average of $126.23. The firm has a market cap of $21.16 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. Teradyne’s payout ratio is currently 15.24%.

Teradyne announced that its Board of Directors has approved a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

TER has been the topic of several recent research reports. Susquehanna upped their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Craig Hallum decreased their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $117.00 to $154.00 in a report on Monday, January 6th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.31.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.

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.