Teradyne, Inc. (NASDAQ:TER) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 29.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,883 shares of the company’s stock after selling 1,186 shares during the period. OLD National Bancorp IN’s holdings in Teradyne were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TER. Creative Planning boosted its stake in shares of Teradyne by 17.0% during the 2nd quarter. Creative Planning now owns 16,848 shares of the company’s stock worth $2,498,000 after acquiring an additional 2,451 shares in the last quarter. Quarry LP raised its holdings in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the period. Sanctuary Advisors LLC acquired a new stake in Teradyne in the second quarter valued at approximately $4,423,000. Massmutual Trust Co. FSB ADV grew its holdings in Teradyne by 28.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 833 shares of the company’s stock valued at $112,000 after purchasing an additional 182 shares during the period. Finally, Czech National Bank increased its position in shares of Teradyne by 11.7% in the third quarter. Czech National Bank now owns 33,240 shares of the company’s stock valued at $4,452,000 after buying an additional 3,492 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,434 shares of company stock worth $785,137 in the last 90 days. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

TER has been the topic of a number of research analyst reports. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. KeyCorp dropped their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. Stifel Nicolaus reduced their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a report on Thursday. Finally, UBS Group reduced their target price on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne Stock Performance

Shares of Teradyne stock opened at $115.79 on Friday. The business’s 50 day moving average price is $125.37 and its 200 day moving average price is $125.07. The company has a market cap of $18.86 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.04 and a beta of 1.46. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.23% and a net margin of 19.23%. On average, analysts predict that Teradyne, Inc. will post 4.1 EPS for the current fiscal year.

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. 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.