Amundi Purchases 392,870 Shares of Teradyne, Inc. (NASDAQ:TER)

Amundi lifted its position in Teradyne, Inc. (NASDAQ:TER) by 87.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844,563 shares of the company’s stock after acquiring an additional 392,870 shares during the quarter. Amundi owned 0.52% of Teradyne worth $115,832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Teradyne in the third quarter valued at about $29,000. Compass Financial Services Inc purchased a new position in Teradyne in the fourth quarter valued at about $33,000. Manchester Capital Management LLC grew its stake in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares during the last quarter. Coastline Trust Co purchased a new position in Teradyne in the third quarter valued at about $46,000. Finally, Brooklyn Investment Group purchased a new position in Teradyne in the third quarter valued at about $52,000. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was 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 directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the transaction, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a research note on Thursday, January 30th. Susquehanna lifted their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. UBS Group dropped their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, KeyCorp dropped their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $143.14.

Teradyne Stock Down 3.3 %

Shares of NASDAQ TER opened at $104.97 on Tuesday. The business’s 50 day moving average price is $120.87 and its 200 day moving average price is $121.53. The firm has a market cap of $16.98 billion, a P/E ratio of 31.52, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne declared that its Board of Directors has initiated a share buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Teradyne Announces Dividend

The company 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. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.46%. 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.