Keybank National Association OH Acquires 1,027 Shares of Teradyne, Inc. (NASDAQ:TER)

Keybank National Association OH increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 32.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,212 shares of the company’s stock after purchasing an additional 1,027 shares during the period. Keybank National Association OH’s holdings in Teradyne were worth $530,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans grew its holdings in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after acquiring an additional 105 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after acquiring an additional 108 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Teradyne by 5.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock worth $324,000 after acquiring an additional 132 shares during the period. Finally, Empirical Finance LLC boosted its holdings in shares of Teradyne by 3.2% during the third quarter. Empirical Finance LLC now owns 4,929 shares of the company’s stock worth $660,000 after acquiring an additional 153 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TER shares. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. reduced 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. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $143.14.

Teradyne Price Performance

Shares of TER opened at $108.54 on Monday. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The company has a market cap of $17.55 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.83 and a beta of 1.46. The firm has a 50 day simple moving average of $121.30 and a two-hundred day simple moving average of $121.72.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data 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, analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.44%. Teradyne’s dividend payout ratio is currently 14.41%.

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

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were 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 approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 614 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the transaction, the chief financial officer now owns 30,446 shares of the company’s stock, valued at $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 over the last three months. 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.