Handelsbanken Fonder AB Trims Holdings in Teradyne, Inc. (NASDAQ:TER)

Handelsbanken Fonder AB trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 24.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,132 shares of the company’s stock after selling 22,993 shares during the quarter. Handelsbanken Fonder AB’s holdings in Teradyne were worth $9,083,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC grew its holdings in Teradyne by 5.5% during the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after acquiring an additional 209,868 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after acquiring an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Teradyne by 7.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock worth $302,582,000 after acquiring an additional 157,838 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares in the company, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 over the last ninety days. Insiders own 0.36% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $115.91 on Friday. The business’s 50 day moving average price is $124.99 and its 200-day moving average price is $122.99. The firm has a market capitalization of $18.88 billion, a PE ratio of 34.81, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 1 year low of $95.80 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (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%. As a group, analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TER. KeyCorp dropped their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Finally, Susquehanna raised their target price on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. 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 given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.77.

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.