Vinva Investment Management Ltd Sells 1,664 Shares of Teradyne, Inc. (NASDAQ:TER)

Vinva Investment Management Ltd lowered its position in Teradyne, Inc. (NASDAQ:TER) by 23.5% in the 4th quarter, Holdings Channel reports. The firm owned 5,420 shares of the company’s stock after selling 1,664 shares during the quarter. Vinva Investment Management Ltd’s holdings in Teradyne were worth $687,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in Teradyne in the fourth quarter worth about $33,000. Manchester Capital Management LLC lifted its stake in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares during the last quarter. Atala Financial Inc bought a new stake in Teradyne in the fourth quarter worth about $47,000. Brooklyn Investment Group purchased a new position in shares of Teradyne during the third quarter worth approximately $52,000. Finally, Quarry LP increased its position in shares of Teradyne by 91.9% during the third quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after acquiring an additional 216 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the transaction, the chief financial officer now owns 36,576 shares of the company’s stock, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last three months. Company insiders own 0.36% of the company’s stock.

Teradyne Trading Down 0.8 %

NASDAQ:TER opened at $87.51 on Friday. Teradyne, Inc. has a 12 month low of $82.98 and a 12 month high of $163.21. The firm has a fifty day simple moving average of $112.72 and a 200-day simple moving average of $118.77. The company has a market capitalization of $14.15 billion, a P/E ratio of 26.28, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Teradyne’s dividend payout ratio is presently 14.41%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TER. Susquehanna reduced their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research report on Wednesday, March 12th. Citigroup reduced their target price on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Northland Securities reduced their target price 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. Bank of America reduced their target price on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus reduced their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given 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, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

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.