Bessemer Group Inc. Sells 23,046 Shares of Teradyne, Inc. (NASDAQ:TER)

Bessemer Group Inc. cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 87.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,415 shares of the company’s stock after selling 23,046 shares during the period. Bessemer Group Inc.’s holdings in Teradyne were worth $430,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Roberts Glore & Co. Inc. IL increased its holdings in Teradyne by 2.2% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after acquiring an additional 90 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after buying an additional 105 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Teradyne by 4.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company’s stock valued at $429,000 after buying an additional 119 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Teradyne by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock valued at $283,000 after buying an additional 124 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in Teradyne by 5.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock valued at $324,000 after buying an additional 132 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TER has been the subject of a number of research reports. Cantor Fitzgerald lowered their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Susquehanna dropped their price objective 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. 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 report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Finally, Bank of America reduced their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Stock Up 0.3 %

Shares of NASDAQ TER opened at $74.06 on Wednesday. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21. The business has a fifty day simple moving average of $94.75 and a two-hundred day simple moving average of $112.11. The firm has a market cap of $11.91 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER) last issued its 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 net margin of 19.23% and a return on equity of 19.08%. On average, research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.65%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction 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 transaction, the chief financial officer now directly owns 30,446 shares of the company’s stock, valued at approximately $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 407 shares of the 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 sale, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,399 shares of company stock worth $612,734. 0.36% of the stock is owned by corporate insiders.

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.