Chevy Chase Trust Holdings LLC Has $16.18 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Chevy Chase Trust Holdings LLC cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,528 shares of the company’s stock after selling 2,656 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Teradyne were worth $16,184,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TER. V Square Quantitative Management LLC raised its stake in shares of Teradyne by 13.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,110 shares of the company’s stock valued at $266,000 after purchasing an additional 243 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Teradyne by 7.4% in the fourth quarter. Vontobel Holding Ltd. now owns 27,713 shares of the company’s stock valued at $3,490,000 after purchasing an additional 1,913 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Teradyne by 8.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 65,023 shares of the company’s stock valued at $8,358,000 after purchasing an additional 4,930 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Teradyne by 7.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after purchasing an additional 157,838 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was 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 of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 407 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 over the last 90 days. 0.36% of the stock is owned by company insiders.

Teradyne Stock Performance

Shares of TER stock opened at $113.25 on Friday. The stock’s fifty day moving average is $125.44 and its 200-day moving average is $123.17. The stock has a market capitalization of $18.44 billion, a PE ratio of 34.01, a PEG ratio of 2.70 and a beta of 1.45. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 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%. As a group, analysts forecast that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

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

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Analysts Set New Price Targets

TER has been the subject of a number of recent research reports. Craig Hallum cut their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Susquehanna upped their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a research report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price target on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.77.

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.