Bellecapital International Ltd. Cuts Stake in Teradyne, Inc. (NASDAQ:TER)

Bellecapital International Ltd. reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 26.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,505 shares of the company’s stock after selling 911 shares during the quarter. Bellecapital International Ltd.’s holdings in Teradyne were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TER. Wealth Enhancement Advisory Services LLC boosted its position in shares of Teradyne by 1.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,255 shares of the company’s stock valued at $1,373,000 after acquiring an additional 133 shares during the last quarter. abrdn plc boosted its position in shares of Teradyne by 0.6% during the 3rd quarter. abrdn plc now owns 60,483 shares of the company’s stock valued at $8,009,000 after acquiring an additional 333 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Teradyne by 19.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,599 shares of the company’s stock valued at $750,000 after acquiring an additional 897 shares during the last quarter. Financial Advocates Investment Management boosted its position in shares of Teradyne by 5.0% during the 3rd quarter. Financial Advocates Investment Management now owns 3,427 shares of the company’s stock valued at $459,000 after acquiring an additional 164 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in shares of Teradyne by 11.1% during the 3rd quarter. Stephens Inc. AR now owns 3,538 shares of the company’s stock valued at $474,000 after acquiring an additional 353 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’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 in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the transaction, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This represents a 1.92 % 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 worth $1,013,134. Company insiders own 0.36% of the company’s stock.

Teradyne Trading Up 1.0 %

NASDAQ:TER opened at $109.86 on Monday. Teradyne, Inc. has a twelve month low of $95.80 and a twelve month high of $163.21. The company has a market cap of $17.77 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. The stock has a fifty day simple moving average of $123.51 and a 200-day simple moving average of $122.62.

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

Teradyne declared that its board has initiated a stock repurchase 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Teradyne Announces Dividend

The company 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 dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. Teradyne’s dividend payout ratio is currently 14.41%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $121.00 to $117.00 in a research report on Tuesday, January 21st. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. UBS Group lowered their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Susquehanna raised their price target on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. 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 given a strong buy rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

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.