Desjardins Global Asset Management Inc. Decreases Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Desjardins Global Asset Management Inc. lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 82.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,885 shares of the company’s stock after selling 9,162 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Teradyne were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Teradyne by 0.9% in the first quarter. Vanguard Group Inc. now owns 18,128,206 shares of the company’s stock valued at $2,143,298,000 after purchasing an additional 154,445 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Teradyne by 1.7% in the first quarter. BlackRock Inc. now owns 13,566,844 shares of the company’s stock valued at $1,458,571,000 after purchasing an additional 229,924 shares in the last quarter. FMR LLC lifted its holdings in shares of Teradyne by 3.9% in the third quarter. FMR LLC now owns 11,533,715 shares of the company’s stock valued at $1,158,677,000 after purchasing an additional 437,054 shares in the last quarter. State Street Corp lifted its holdings in shares of Teradyne by 2.1% in the first quarter. State Street Corp now owns 6,423,963 shares of the company’s stock valued at $690,640,000 after purchasing an additional 131,204 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Teradyne by 2.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock valued at $445,254,000 after purchasing an additional 106,848 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on TER shares. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research note on Monday, March 4th. Finally, Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday. They set an “outperform” rating and a $130.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $113.73.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 8,653 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the sale, the chief financial officer now owns 31,180 shares of the company’s stock, valued at $3,277,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ernest E. Maddock purchased 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the acquisition, the director now owns 4,728 shares in the company, valued at $444,762.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The disclosure for this sale can be found here. Insiders sold 11,797 shares of company stock valued at $1,248,237 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $100.20 on Friday. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The company has a 50 day moving average price of $105.48 and a 200 day moving average price of $100.40. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 36.70 and a beta of 1.56.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The firm had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. During the same quarter in the prior year, the business posted $0.92 earnings per share. Teradyne’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Teradyne, Inc. will post 2.82 EPS for the current fiscal year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 16th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.48%. This is a positive change from Teradyne’s previous quarterly dividend of $0.11. Teradyne’s dividend payout ratio is presently 17.58%.

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.