MassMutual Private Wealth & Trust FSB trimmed its position in Teradyne, Inc. (NASDAQ:TER – Free Report) by 19.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 671 shares of the company’s stock after selling 162 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Teradyne were worth $84,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in Teradyne by 28.4% in the 4th quarter. UMB Bank n.a. now owns 701 shares of the company’s stock valued at $88,000 after purchasing an additional 155 shares in the last quarter. Gilman Hill Asset Management LLC increased its stake in shares of Teradyne by 6.5% during the 4th quarter. Gilman Hill Asset Management LLC now owns 23,927 shares of the company’s stock valued at $3,013,000 after acquiring an additional 1,465 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Teradyne by 5.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock valued at $324,000 after acquiring an additional 132 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Teradyne during the 4th quarter valued at about $3,781,000. Finally, Bouvel Investment Partners LLC increased its stake in shares of Teradyne by 1.2% during the 4th quarter. Bouvel Investment Partners LLC now owns 22,810 shares of the company’s stock valued at $2,872,000 after acquiring an additional 281 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on TER shares. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $121.00 to $117.00 in a research note on Tuesday. Stifel Nicolaus dropped their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.31.
Teradyne Stock Down 2.2 %
NASDAQ TER opened at $131.83 on Friday. The stock has a market cap of $21.47 billion, a PE ratio of 41.85, a P/E/G ratio of 2.21 and a beta of 1.46. Teradyne, Inc. has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The business has a 50 day moving average price of $123.40 and a two-hundred day moving average price of $126.81.
Teradyne (NASDAQ:TER – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Sell-side analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.
Teradyne Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio is presently 15.24%.
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 repurchase up to 0.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Insider Activity
In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred 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 approximately $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.
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