Global X Japan Co. Ltd. Sells 4,579 Shares of Teradyne, Inc. $TER

Global X Japan Co. Ltd. reduced its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 34.2% in the third quarter, Holdings Channel reports. The institutional investor owned 8,801 shares of the company’s stock after selling 4,579 shares during the period. Global X Japan Co. Ltd.’s holdings in Teradyne were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of Nova Scotia increased its stake in shares of Teradyne by 546.5% in the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after purchasing an additional 83,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Teradyne by 3.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock valued at $24,908,000 after purchasing an additional 9,094 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Teradyne by 73.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after purchasing an additional 1,939 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Teradyne by 17.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock worth $11,893,000 after buying an additional 21,219 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Teradyne by 231.5% in the second quarter. QRG Capital Management Inc. now owns 106,567 shares of the company’s stock worth $9,583,000 after buying an additional 74,417 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TER. Northland Securities set a $186.00 price objective on Teradyne in a research note on Thursday, October 30th. Citigroup lifted their price target on shares of Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. The Goldman Sachs Group raised shares of Teradyne from a “sell” rating to a “buy” rating and upped their target price for the stock from $148.00 to $230.00 in a report on Monday, December 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price target on shares of Teradyne in a report on Tuesday, December 16th. Finally, Bank of America raised shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $185.75.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 3,324 shares of company stock valued at $583,639. 0.16% of the stock is owned by company insiders.

Teradyne Stock Up 0.6%

Teradyne stock opened at $198.50 on Wednesday. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $205.00. The firm’s fifty day moving average is $175.15 and its 200 day moving average is $132.26. The company has a market cap of $31.09 billion, a price-to-earnings ratio of 72.18, a PEG ratio of 2.06 and a beta of 1.85.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The business had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. During the same period last year, the company posted $0.90 EPS. The business’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio is 17.45%.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.