Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Position in Teradyne, Inc. (NASDAQ:TER)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 3.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,750 shares of the company’s stock after selling 1,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Teradyne were worth $3,872,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Teradyne in the third quarter worth approximately $29,000. Compass Financial Services Inc bought a new stake in Teradyne in the 4th quarter worth approximately $33,000. Manchester Capital Management LLC grew its position in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares during the period. Coastline Trust Co purchased a new stake in Teradyne during the 3rd quarter valued at $46,000. Finally, Brooklyn Investment Group bought a new position in shares of Teradyne during the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the transaction, the insider now owns 20,764 shares of the company’s stock, valued at $2,502,269.64. This represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TER has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Susquehanna boosted their price target 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 cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 target price on shares of Teradyne in a research report on Thursday, January 30th. Finally, KeyCorp reduced their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne Stock Performance

Shares of Teradyne stock opened at $111.35 on Wednesday. The company has a fifty day moving average of $124.34 and a 200 day moving average of $122.91. The company has a market capitalization of $18.01 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its board has approved a stock buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s 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.