Amalgamated Bank Sells 515 Shares of Teradyne, Inc. (NASDAQ:TER)

Amalgamated Bank decreased its position in Teradyne, Inc. (NASDAQ:TER) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,110 shares of the company’s stock after selling 515 shares during the quarter. Amalgamated Bank’s holdings in Teradyne were worth $4,169,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Teradyne during the third quarter worth about $29,000. Compass Financial Services Inc acquired a new position in shares of Teradyne in the 4th quarter worth approximately $33,000. Manchester Capital Management LLC boosted its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after acquiring an additional 227 shares in the last quarter. Coastline Trust Co bought a new stake in Teradyne during the 3rd quarter worth approximately $46,000. Finally, Brooklyn Investment Group acquired a new stake in Teradyne during the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

TER has been the topic of a number of recent analyst reports. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. KeyCorp reduced their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Northland Securities dropped their target price on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction dated 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. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Teradyne Stock Performance

TER opened at $109.86 on Friday. The company has a fifty day moving average price of $123.51 and a two-hundred day moving average price of $122.67. The firm has a market capitalization of $17.77 billion, a PE ratio of 32.99, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21.

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%. Equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business 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. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. Teradyne’s dividend payout ratio (DPR) is presently 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 buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.