Nisa Investment Advisors LLC Has $2.49 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Nisa Investment Advisors LLC lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,767 shares of the company’s stock after selling 1,183 shares during the period. Nisa Investment Advisors LLC’s holdings in Teradyne were worth $2,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in Teradyne during the 3rd quarter valued at about $29,000. Quarry LP grew its stake in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Coastline Trust Co purchased a new position in Teradyne during the 3rd quarter valued at about $46,000. Brooklyn Investment Group purchased a new position in Teradyne during the 3rd quarter valued at about $52,000. Finally, Eastern Bank purchased a new position in Teradyne during the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $129.92 on Monday. The stock’s fifty day moving average is $123.95 and its 200-day moving average is $126.23. The stock has a market capitalization of $21.16 billion, a PE ratio of 41.24, a PEG ratio of 2.25 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21.

Teradyne Announces Dividend

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

Teradyne declared that its board has authorized 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TER. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $117.00 to $154.00 in a research note on Monday, January 6th. Evercore ISI lifted their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Finally, Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $149.31.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’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 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.