Nisa Investment Advisors LLC Sells 1,183 Shares of Teradyne, Inc. (NASDAQ:TER)

Nisa Investment Advisors LLC reduced its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,767 shares of the company’s stock after selling 1,183 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Teradyne were worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TER. Capital Performance Advisors LLP acquired a new stake in Teradyne during the 3rd quarter worth approximately $29,000. Quarry LP lifted its holdings in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the last quarter. Coastline Trust Co acquired a new stake in Teradyne during the 3rd quarter worth approximately $46,000. Brooklyn Investment Group acquired a new stake in Teradyne during the 3rd quarter worth approximately $52,000. Finally, Eastern Bank acquired a new stake in Teradyne during the 3rd quarter worth approximately $67,000. 99.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TER has been the subject of several research reports. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $117.00 to $154.00 in a report on Monday, January 6th. Robert W. Baird dropped their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Evercore ISI lifted their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.31.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

Teradyne Stock Performance

Teradyne stock opened at $129.92 on Monday. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The stock has a market capitalization of $21.16 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. The stock has a fifty day moving average of $123.95 and a 200-day moving average of $126.23.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

Teradyne announced that its Board of Directors has authorized a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.