Desjardins Global Asset Management Inc. Sells 9,162 Shares of Teradyne, Inc. (NASDAQ:TER)

Desjardins Global Asset Management Inc. decreased its position in Teradyne, Inc. (NASDAQ:TER) by 82.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,885 shares of the company’s stock after selling 9,162 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Teradyne were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TER. Cornerstone Planning Group LLC bought a new position in Teradyne during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Teradyne during the third quarter worth $27,000. CVA Family Office LLC bought a new position in Teradyne during the fourth quarter worth $33,000. Venturi Wealth Management LLC bought a new position in Teradyne during the third quarter worth $36,000. Finally, NBC Securities Inc. bought a new position in Teradyne during the third quarter worth $37,000. Institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TER shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research report on Monday, March 4th. Evercore ISI began coverage on shares of Teradyne in a research note on Tuesday. They set an “outperform” rating and a $130.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $113.73.

Insider Activity

In related news, insider Richard John Burns sold 317 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $112.68, for a total transaction of $35,719.56. Following the transaction, the insider now owns 20,300 shares in the company, valued at approximately $2,287,404. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Richard John Burns sold 317 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $112.68, for a total transaction of $35,719.56. Following the transaction, the insider now owns 20,300 shares in the company, valued at approximately $2,287,404. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 1,083 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $110.95, for a total transaction of $120,158.85. Following the transaction, the chief financial officer now owns 45,107 shares in the company, valued at approximately $5,004,621.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,797 shares of company stock worth $1,248,237. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $100.20 on Friday. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $119.20. The company’s fifty day moving average is $105.48 and its 200-day moving average is $100.40. The company has a market capitalization of $15.33 billion, a PE ratio of 36.70 and a beta of 1.56.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The company had revenue of $670.60 million for the quarter, compared to the consensus estimate of $674.99 million. During the same quarter in the previous year, the company earned $0.92 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts forecast that Teradyne, Inc. will post 2.82 EPS for the current year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 16th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Teradyne’s previous quarterly dividend of $0.11. Teradyne’s payout ratio is currently 17.58%.

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.