Windward Capital Management Co. CA Sells 966 Shares of Teradyne, Inc. (NASDAQ:TER)

Windward Capital Management Co. CA lowered its position in Teradyne, Inc. (NASDAQ:TER) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,098 shares of the company’s stock after selling 966 shares during the period. Teradyne makes up approximately 1.0% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 26th biggest holding. Windward Capital Management Co. CA’s holdings in Teradyne were worth $13,360,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TER. Whittier Trust Co. increased its stake in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after buying an additional 88 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after acquiring an additional 103 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC grew its stake in Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after purchasing an additional 105 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Teradyne by 0.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after purchasing an additional 108 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TER shares. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $121.00 to $117.00 in a report on Tuesday, January 21st. Susquehanna increased their target price on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. KeyCorp reduced their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Stifel Nicolaus dropped their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

Teradyne Price Performance

Shares of TER stock opened at $111.67 on Wednesday. The stock’s fifty day moving average price is $125.43 and its 200 day moving average price is $124.37. Teradyne, Inc. has a 1-year low of $94.64 and a 1-year high of $163.21. The company has a market cap of $18.19 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, equities research analysts anticipate that Teradyne, Inc. will post 4.02 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. Teradyne’s payout ratio is currently 14.41%.

Teradyne declared that its board has authorized a share buyback plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, insider Richard John Burns sold 407 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the transaction, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The shares were 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 of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,434 shares of company stock valued at $785,137 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Teradyne 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.