Teradyne, Inc. (NASDAQ:TER) Stock Holdings Increased by Cibc World Markets Corp

Cibc World Markets Corp boosted its position in Teradyne, Inc. (NASDAQ:TER) by 321.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,614 shares of the company’s stock after buying an additional 69,894 shares during the quarter. Cibc World Markets Corp owned approximately 0.06% of Teradyne worth $11,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in Teradyne by 0.8% in the fourth quarter. Natixis Advisors LLC now owns 77,314 shares of the company’s stock valued at $9,735,000 after acquiring an additional 581 shares during the period. Midwest Professional Planners LTD. acquired a new position in Teradyne in the fourth quarter valued at approximately $346,000. Atala Financial Inc acquired a new position in Teradyne in the fourth quarter valued at approximately $47,000. Parnassus Investments LLC boosted its position in shares of Teradyne by 8.4% during the fourth quarter. Parnassus Investments LLC now owns 242,068 shares of the company’s stock worth $30,481,000 after buying an additional 18,733 shares during the period. Finally, Impact Capital Partners LLC acquired a new position in shares of Teradyne during the fourth quarter worth approximately $507,000. 99.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Northland Securities reduced their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Cantor Fitzgerald dropped their price target on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Bank of America dropped their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, March 12th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Robert W. Baird reduced their target price on Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong 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 $121.44.

Insiders Place Their Bets

In related news, insider Richard John Burns sold 445 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the sale, the insider now directly owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. Company insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

NASDAQ TER opened at $90.17 on Tuesday. The firm has a 50-day simple moving average of $116.61 and a 200 day simple moving average of $119.88. Teradyne, Inc. has a twelve month low of $82.98 and a twelve month high of $163.21. The stock has a market cap of $14.58 billion, a PE ratio of 27.08, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results 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 net margin of 19.23% and a return on equity of 19.08%. Research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm 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. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio is presently 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.