AFT Forsyth & Company Inc. Cuts Position in Teradyne, Inc. (NASDAQ:TER)

AFT Forsyth & Company Inc. lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,601 shares of the company’s stock after selling 200 shares during the quarter. AFT Forsyth & Company Inc.’s holdings in Teradyne were worth $579,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Teradyne during the third quarter worth about $2,221,000. 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 in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Teradyne by 17.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock valued at $10,325,000 after acquiring an additional 11,541 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after acquiring an additional 20,762 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its stake in shares of Teradyne by 3.3% in the fourth quarter. Boston Trust Walden Corp now owns 408,177 shares of the company’s stock worth $51,398,000 after acquiring an additional 13,020 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Trading Down 1.0 %

Shares of NASDAQ:TER opened at $111.54 on Thursday. The company has a market capitalization of $18.17 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.70 and a beta of 1.45. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21. The business has a 50-day moving average price of $125.56 and a 200 day moving average price of $123.34.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. As a group, equities research analysts predict that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

Teradyne declared that its board has approved a stock buyback program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The company 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the subject of several recent research reports. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Northland Securities lowered their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Susquehanna increased their price objective on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $143.77.

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.