Global X Japan Co. Ltd. Lowers Position in Teradyne, Inc. $TER

Global X Japan Co. Ltd. trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER) by 34.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,801 shares of the company’s stock after selling 4,579 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Teradyne were worth $1,211,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Bank of Nova Scotia grew its position in shares of Teradyne by 546.5% in the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after buying an additional 83,055 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Teradyne by 3.4% during the 2nd 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 period. Sequoia Financial Advisors LLC boosted its stake in Teradyne by 73.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock worth $412,000 after acquiring an additional 1,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Teradyne by 17.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock worth $11,893,000 after purchasing an additional 21,219 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in Teradyne by 231.5% in the second quarter. QRG Capital Management Inc. now owns 106,567 shares of the company’s stock worth $9,583,000 after purchasing an additional 74,417 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated 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 owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,324 shares of company stock worth $583,639 in the last three months. 0.16% of the stock is currently owned by corporate insiders.

Teradyne Stock Up 0.6%

Shares of Teradyne stock opened at $198.50 on Wednesday. The company has a market cap of $31.09 billion, a price-to-earnings ratio of 72.18, a price-to-earnings-growth ratio of 2.06 and a beta of 1.85. The company’s 50 day moving average is $175.15 and its 200 day moving average is $132.26. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $205.00.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. Sell-side analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, November 24th. Teradyne’s dividend payout ratio is 17.45%.

Analysts Set New Price Targets

A number of analysts have recently commented on TER shares. JPMorgan Chase & Co. boosted their price target on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Morgan Stanley lifted their price objective on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group raised Teradyne from a “sell” rating to a “buy” rating and boosted their target price for the stock from $148.00 to $230.00 in a report on Monday, December 15th. Northland Securities set a $186.00 price target on Teradyne in a report on Thursday, October 30th. Finally, UBS Group lifted their price target on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.75.

About Teradyne

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.