Yousif Capital Management LLC Reduces Stake in Teradyne, Inc. (NASDAQ:TER)

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

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Teradyne in the third quarter worth about $29,000. Coastline Trust Co bought a new position in shares of Teradyne in the 3rd quarter worth approximately $46,000. Brooklyn Investment Group purchased a new position in shares of Teradyne in the third quarter worth approximately $52,000. Quarry LP grew its position in Teradyne by 91.9% during the third quarter. Quarry LP now owns 451 shares of the company’s stock valued at $60,000 after buying an additional 216 shares during the period. Finally, Eastern Bank purchased a new stake in Teradyne during the third quarter valued at approximately $67,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 0.7 %

Shares of TER opened at $113.23 on Monday. The firm has a market capitalization of $18.44 billion, a P/E ratio of 34.00, a P/E/G ratio of 2.70 and a beta of 1.45. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21. The firm has a fifty day moving average price of $125.71 and a 200-day moving average price of $123.59.

Teradyne (NASDAQ:TER) last issued its 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%. Analysts predict that Teradyne, Inc. will post 3.91 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s payout ratio is 14.41%.

Teradyne declared that its Board of Directors has initiated a stock buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently commented on TER. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research note on Thursday, January 30th. KeyCorp cut their price objective on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, UBS Group lowered their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $143.77.

Insider Buying and Selling

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction on Tuesday, January 28th. The shares were 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 of the company’s stock, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value 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. The trade was a 3.96 % 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 90 days. Corporate insiders own 0.36% of the company’s stock.

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.