CIBC Asset Management Inc Sells 1,051 Shares of Teradyne, Inc. (NASDAQ:TER)

CIBC Asset Management Inc reduced its stake in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,139 shares of the company’s stock after selling 1,051 shares during the quarter. CIBC Asset Management Inc’s holdings in Teradyne were worth $2,294,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Marshall Financial Group LLC boosted its stake in Teradyne by 1.2% in the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock valued at $895,000 after acquiring an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Teradyne by 24.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock valued at $56,000 after acquiring an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Teradyne by 4.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock valued at $255,000 after acquiring an additional 107 shares during the last quarter. Meritage Group LP boosted its stake in Teradyne by 5.3% in the fourth quarter. Meritage Group LP now owns 2,218 shares of the company’s stock valued at $241,000 after acquiring an additional 111 shares during the last quarter. Finally, Lido Advisors LLC boosted its stake in Teradyne by 0.6% in the third quarter. Lido Advisors LLC now owns 20,369 shares of the company’s stock valued at $2,046,000 after acquiring an additional 125 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Activity at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the transaction, the insider now directly owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,005 shares of company stock valued at $1,304,763. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of a number of recent research reports. KeyCorp raised their price objective on shares of Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Robert W. Baird raised their price objective on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Susquehanna increased their target price on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Evercore ISI began coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, The Goldman Sachs Group increased their target price on shares of Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.17.

View Our Latest Research Report on TER

Teradyne Stock Down 1.6 %

Shares of NASDAQ:TER opened at $140.90 on Friday. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $146.52. The company’s fifty day simple moving average is $121.75 and its 200 day simple moving average is $109.32. The firm has a market cap of $22.00 billion, a price-to-earnings ratio of 53.57, a PEG ratio of 2.70 and a beta of 1.51.

Teradyne (NASDAQ:TERGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. During the same period last year, the business posted $0.55 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts expect that Teradyne, Inc. will post 3.04 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 22nd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

About Teradyne

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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