Bank of New York Mellon Corp Has $157.98 Million Stake in Teradyne, Inc. $TER

Bank of New York Mellon Corp trimmed its stake in Teradyne, Inc. (NASDAQ:TER) by 17.0% during the third quarter, HoldingsChannel.com reports. The fund owned 1,147,776 shares of the company’s stock after selling 234,949 shares during the quarter. Bank of New York Mellon Corp’s holdings in Teradyne were worth $157,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its position in shares of Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after purchasing an additional 468 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Teradyne during the first quarter worth approximately $297,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Teradyne by 3.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock valued at $24,908,000 after acquiring an additional 9,094 shares during the last quarter. Exchange Capital Management Inc. boosted its holdings in shares of Teradyne by 18.3% in the 2nd quarter. Exchange Capital Management Inc. now owns 5,225 shares of the company’s stock worth $470,000 after acquiring an additional 809 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Teradyne during the 2nd quarter worth approximately $260,000. 99.77% of the stock is owned by institutional investors.

Teradyne Price Performance

TER opened at $241.05 on Friday. The firm has a 50 day simple moving average of $207.62 and a 200 day simple moving average of $157.56. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $255.20. The company has a market cap of $37.75 billion, a price-to-earnings ratio of 87.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is 17.45%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TER shares. The Goldman Sachs Group upgraded Teradyne from a “sell” rating to a “buy” rating and lifted their price objective for the company from $148.00 to $230.00 in a research report on Monday, December 15th. Evercore ISI lifted their price target on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus increased their price objective on shares of Teradyne to $280.00 and gave the stock a “buy” rating in a report on Friday. Vertical Research cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $206.38.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.