Teradyne, Inc. (NASDAQ:TER) Stock Position Lowered by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its position in Teradyne, Inc. (NASDAQ:TER) by 32.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,192 shares of the company’s stock after selling 10,607 shares during the period. Meeder Asset Management Inc.’s holdings in Teradyne were worth $2,794,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock worth $2,569,511,000 after buying an additional 92,428 shares during the last quarter. State Street Corp grew its holdings in shares of Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after acquiring an additional 350,002 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Teradyne by 5.5% during the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after purchasing an additional 209,868 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after purchasing an additional 393,175 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $82.78 on Monday. The business has a 50 day simple moving average of $107.90 and a 200 day simple moving average of $117.33. Teradyne, Inc. has a 52 week low of $81.71 and a 52 week high of $163.21. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.58%. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TER. Susquehanna reduced their price objective on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus reduced their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, March 12th. Morgan Stanley decreased their price objective on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Vertical Research began coverage on shares of Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 target price on the stock. Finally, Northland Securities decreased their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.44.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred 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 $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. 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. Insiders own 0.36% of the company’s stock.

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.