Bank of New York Mellon Corp Raises Holdings in Teradyne, Inc. (NASDAQ:TER)

Bank of New York Mellon Corp boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,482,750 shares of the company’s stock after acquiring an additional 176,043 shares during the quarter. Bank of New York Mellon Corp owned 0.91% of Teradyne worth $186,708,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its stake in shares of Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after acquiring an additional 104 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 purchasing an additional 105 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after purchasing an additional 108 shares during the period. VELA Investment Management LLC increased its position in shares of Teradyne by 0.9% in the third quarter. VELA Investment Management LLC now owns 12,782 shares of the company’s stock valued at $1,712,000 after buying an additional 113 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised 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 worth $324,000 after buying an additional 132 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Down 5.2 %

Shares of NASDAQ:TER opened at $108.81 on Friday. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21. The business has a fifty day moving average of $123.83 and a two-hundred day moving average of $122.76. The stock has a market cap of $17.60 billion, a P/E ratio of 32.68, a PEG ratio of 2.83 and a beta of 1.45.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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, equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

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

Wall Street Analysts Forecast Growth

TER has been the subject of several recent analyst reports. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 target price on shares of Teradyne in a research note on Thursday, January 30th. UBS Group decreased their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price objective 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, KeyCorp reduced their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’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 value 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. This represents a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Ryan Driscoll sold 437 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total transaction of $44,574.00. Following the completion of the sale, the vice president now owns 4,312 shares of the company’s stock, valued at $439,824. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,479 shares of company stock worth $1,013,134. Insiders own 0.18% 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.