Teradyne, Inc. (NASDAQ:TER) is Winslow Asset Management Inc.’s 6th Largest Position

Winslow Asset Management Inc. lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 146,951 shares of the company’s stock after selling 4,090 shares during the quarter. Teradyne comprises 3.7% of Winslow Asset Management Inc.’s portfolio, making the stock its 6th largest holding. Winslow Asset Management Inc.’s holdings in Teradyne were worth $18,504,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in TER. Capital Performance Advisors LLP purchased a new stake in Teradyne during the third quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in Teradyne during the fourth quarter worth approximately $33,000. Manchester Capital Management LLC lifted its stake in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares during the last quarter. Coastline Trust Co purchased a new stake in Teradyne during the third quarter worth approximately $46,000. Finally, Brooklyn Investment Group purchased a new stake in Teradyne during the third quarter worth approximately $52,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 3.1 %

NASDAQ:TER opened at $114.81 on Thursday. The firm has a market cap of $18.57 billion, a P/E ratio of 34.48, a PEG ratio of 2.83 and a beta of 1.45. The stock’s 50 day simple moving average is $124.16 and its 200-day simple moving average is $122.86. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last released its 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%. Research analysts forecast 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 will be paid on Friday, March 14th. Stockholders 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 dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TER. KeyCorp decreased their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Susquehanna boosted their target price on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. UBS Group cut their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Northland Securities cut their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.77.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction 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 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 legal filing with the SEC, which is available at this link. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction 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 directly owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.18% of the company’s stock.

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.