Zurcher Kantonalbank Zurich Cantonalbank Has $3.92 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Teradyne, Inc. (NASDAQ:TER) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,132 shares of the company’s stock after selling 207 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Teradyne were worth $3,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Compass Financial Services Inc acquired a new position in shares of Teradyne in the 4th quarter valued at approximately $33,000. Manchester Capital Management LLC boosted its holdings in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 227 shares during the period. Coastline Trust Co bought a new stake in shares of Teradyne during the third quarter worth $46,000. Brooklyn Investment Group acquired a new stake in shares of Teradyne during the third quarter worth $52,000. Finally, Quarry LP lifted its position in Teradyne by 91.9% in the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock valued at $60,000 after acquiring an additional 216 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Richard John Burns sold 407 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 dated 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 directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

TER has been the subject of a number of research reports. Susquehanna lowered their target price on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday. KeyCorp dropped their target price on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday. TD Cowen decreased their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday. Cantor Fitzgerald cut their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Stock Up 1.7 %

Shares of NASDAQ TER opened at $86.74 on Friday. Teradyne, Inc. has a twelve month low of $82.98 and a twelve month high of $163.21. The company has a market cap of $14.03 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The business’s 50 day moving average price is $117.60 and its two-hundred day moving average price is $120.28.

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

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s payout ratio is 14.41%.

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.