Teradyne, Inc. (NASDAQ:TER) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its position in Teradyne, Inc. (NASDAQ:TER) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,060 shares of the company’s stock after selling 193 shares during the quarter. Hartford Investment Management Co.’s holdings in Teradyne were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Whittier Trust Co. increased its position in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after acquiring an additional 88 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after purchasing an additional 103 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after purchasing an additional 104 shares in the last quarter. GAMMA Investing LLC grew its position in Teradyne by 3.1% in the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after buying an additional 105 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in Teradyne by 0.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after buying an additional 108 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Craig Hallum decreased their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 price target on shares of Teradyne in a research note on Thursday, January 30th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $143.77.

Teradyne Stock Up 0.4 %

Shares of Teradyne stock opened at $113.25 on Friday. 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 $18.44 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45. The business has a fifty day simple moving average of $125.44 and a 200-day simple moving average of $123.16.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Analysts expect that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Teradyne declared that its Board of Directors has authorized a share buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 position. 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.

Teradyne 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.