Teradyne, Inc. (NASDAQ:TER) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 67.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 589 shares of the company’s stock after selling 1,204 shares during the period. Blue Trust Inc.’s holdings in Teradyne were worth $74,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in Teradyne in the third quarter worth about $29,000. Compass Financial Services Inc acquired a new position in shares of Teradyne during the fourth quarter valued at approximately $33,000. Coastline Trust Co acquired a new position in shares of Teradyne during the third quarter valued at approximately $46,000. Brooklyn Investment Group acquired a new position in Teradyne in the third quarter worth approximately $52,000. Finally, Quarry LP grew its position in Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after buying an additional 216 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Down 2.2 %

Teradyne stock opened at $115.91 on Monday. The company’s fifty day simple moving average is $124.99 and its 200-day simple moving average is $123.05. Teradyne, Inc. has a 12 month low of $95.80 and a 12 month high of $163.21. The stock has a market cap of $18.88 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.83 and a beta of 1.45.

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

Teradyne announced that its board has initiated a share buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Teradyne Announces Dividend

The business 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. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,384 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 36,576 shares in the company, valued at approximately $4,077,858.24. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’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 sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Northland Securities decreased 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. UBS Group decreased their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Susquehanna lifted their price target on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. Finally, Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned 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.

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.