Teradyne, Inc. (NASDAQ:TER) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in shares of Teradyne, Inc. (NASDAQ:TER) by 44.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,573 shares of the company’s stock after selling 14,603 shares during the period. State of Alaska Department of Revenue’s holdings in Teradyne were worth $2,338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Teradyne in the third quarter worth $29,000. Coastline Trust Co acquired a new position in shares of Teradyne in the third quarter worth $46,000. Brooklyn Investment Group acquired a new position in shares of Teradyne in the third quarter worth $52,000. Quarry LP raised its holdings in shares of Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after acquiring an additional 216 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Teradyne in the third quarter worth $67,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Trading Up 0.7 %

TER stock opened at $114.06 on Tuesday. The stock has a 50-day moving average price of $125.72 and a two-hundred day moving average price of $123.52. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21. The company has a market cap of $18.58 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 3.91 EPS for the current fiscal year.

Teradyne declared that its board has approved a stock buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s payout ratio is 14.41%.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was 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 of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 407 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 over the last quarter. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TER shares. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Northland Securities lowered their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. KeyCorp lowered their price objective on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average target price of $143.77.

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.