Hsbc Holdings PLC Lowers Position in Teradyne, Inc. (NASDAQ:TER)

Hsbc Holdings PLC cut its position in shares of Teradyne, Inc. (NASDAQ:TER) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 480,158 shares of the company’s stock after selling 71,592 shares during the period. Hsbc Holdings PLC’s holdings in Teradyne were worth $60,512,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TER. Oxbow Capital Management HK Ltd acquired a new stake in shares of Teradyne in the fourth quarter worth $8,814,000. State of Tennessee Department of Treasury increased its holdings in Teradyne by 7.8% in the 4th quarter. State of Tennessee Department of Treasury now owns 52,832 shares of the company’s stock valued at $6,653,000 after purchasing an additional 3,815 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Teradyne by 265.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 24,679 shares of the company’s stock valued at $3,108,000 after purchasing an additional 17,928 shares during the period. Transce3nd LLC purchased a new stake in shares of Teradyne in the fourth quarter worth about $73,000. Finally, Mirabella Financial Services LLP acquired a new stake in shares of Teradyne in the fourth quarter valued at about $241,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 614 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the sale, the chief financial officer now directly owns 30,446 shares of the company’s stock, valued at $3,105,492. This trade represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard John Burns sold 445 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now owns 25,191 shares in the company, valued at $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,399 shares of company stock valued at $612,734 over the last quarter. Insiders own 0.16% of the company’s stock.

Teradyne Trading Up 5.6 %

Shares of TER opened at $77.30 on Friday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.83 and a beta of 1.65. The stock has a 50 day moving average of $89.03 and a 200-day moving average of $109.42.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping 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%. On average, sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.62%. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TER shares. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Citigroup decreased their target price on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald dropped their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Vertical Research assumed coverage on shares of Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, Susquehanna lowered their target price on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.94.

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.