Cerity Partners LLC Reduces Stake in Teradyne, Inc. (NASDAQ:TER)

Cerity Partners LLC decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,988 shares of the company’s stock after selling 1,383 shares during the quarter. Cerity Partners LLC’s holdings in Teradyne were worth $1,305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Teradyne in the 4th quarter valued at approximately $270,989,000. Van ECK Associates Corp raised its stake in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Teradyne in the 4th quarter valued at about $160,087,000. Assenagon Asset Management S.A. boosted its stake in shares of Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock worth $116,233,000 after purchasing an additional 873,626 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Teradyne by 38.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company’s stock worth $235,966,000 after buying an additional 523,296 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradyne

In related news, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction dated 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 directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,399 shares of company stock worth $612,734. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a research note on Wednesday. KeyCorp reissued a “sector weight” rating on shares of Teradyne in a research note on Thursday. Cantor Fitzgerald lowered their price objective on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Susquehanna dropped their target price on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus decreased their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $118.94.

Teradyne Trading Down 0.0 %

TER stock opened at $71.14 on Friday. The firm has a 50 day simple moving average of $93.05 and a 200-day simple moving average of $111.39. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The company has a market capitalization of $11.44 billion, a P/E ratio of 21.36, a PEG ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping 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%. On average, research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) 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.