Yousif Capital Management LLC Cuts Stock Position in Teradyne, Inc. (NASDAQ:TER)

Yousif Capital Management LLC cut its position in shares of Teradyne, Inc. (NASDAQ:TER) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,561 shares of the company’s stock after selling 221 shares during the quarter. Yousif Capital Management LLC’s holdings in Teradyne were worth $2,589,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its position in Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after acquiring an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC boosted its stake in shares of Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after purchasing an additional 749,003 shares in the last quarter. Holocene Advisors LP bought a new position in shares of Teradyne during the 3rd quarter valued at $91,129,000. Sumitomo Mitsui Trust Group Inc. raised its position in Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after purchasing an additional 374,522 shares during the period. Finally, State Street Corp lifted its stake in Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 1,384 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the sale, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. This represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, 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. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 in the last three months. Company insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TER. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. KeyCorp reduced their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Craig Hallum cut their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Price Performance

Shares of TER opened at $113.23 on Monday. The company has a 50-day simple moving average of $125.71 and a two-hundred day simple moving average of $123.59. The firm has a market capitalization of $18.44 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 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%. Analysts expect that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a stock buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. 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.