Windward Capital Management Co. CA Sells 966 Shares of Teradyne, Inc. (NASDAQ:TER)

Windward Capital Management Co. CA cut its stake in Teradyne, Inc. (NASDAQ:TER) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,098 shares of the company’s stock after selling 966 shares during the quarter. Teradyne accounts for about 1.0% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 26th largest holding. Windward Capital Management Co. CA owned 0.07% of Teradyne worth $13,360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp grew its position in Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares during the period. Geode Capital Management LLC grew its holdings in shares of Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after acquiring an additional 209,868 shares during the period. Van ECK Associates Corp increased its position in Teradyne by 6.3% during the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after acquiring an additional 183,721 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after acquiring an additional 374,522 shares during the period. Finally, Aspex Management HK Ltd boosted its position in Teradyne by 11.5% in the third quarter. Aspex Management HK Ltd now owns 2,387,433 shares of the company’s stock worth $319,749,000 after purchasing an additional 246,914 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. Northland Securities decreased their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Robert W. Baird decreased their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Craig Hallum cut their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.77.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 614 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the sale, the chief financial officer now owns 30,446 shares in the company, valued at approximately $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,434 shares of company stock worth $785,137 in the last quarter. 0.18% of the stock is owned by corporate insiders.

Teradyne Price Performance

Shares of TER opened at $111.67 on Wednesday. The firm has a market cap of $18.19 billion, a P/E ratio of 33.53, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. Teradyne, Inc. has a 1 year low of $94.64 and a 1 year high of $163.21. The company has a 50 day simple moving average of $125.43 and a two-hundred day simple moving average of $124.37.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, sell-side analysts anticipate that Teradyne, Inc. will post 4.02 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne’s dividend payout ratio is currently 14.41%.

Teradyne announced that its board has authorized a stock buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.