Corebridge Financial Inc. Decreases Stake in Teradyne, Inc. (NASDAQ:TER)

Corebridge Financial Inc. decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 40,152 shares of the company’s stock after selling 1,983 shares during the period. Corebridge Financial Inc.’s holdings in Teradyne were worth $5,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Compass Financial Services Inc purchased a new position in shares of Teradyne in the 4th quarter valued at $33,000. AllSquare Wealth Management LLC increased its holdings in Teradyne by 200.0% in the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC raised its position in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 227 shares during the period. Atala Financial Inc acquired a new position in shares of Teradyne during the fourth quarter worth about $47,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Teradyne in the third quarter worth about $52,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 74,660 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of the 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 transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 8,479 shares of company stock worth $1,013,134. 0.18% of the stock is owned by company insiders.

Teradyne Stock Down 3.4 %

TER opened at $82.78 on Friday. The company’s 50-day moving average price is $107.90 and its 200 day moving average price is $117.43. Teradyne, Inc. has a fifty-two week low of $82.47 and a fifty-two week high of $163.21. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

Several research firms recently commented on TER. KeyCorp reduced their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Susquehanna decreased their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research note on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their target price on Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Finally, Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.