Teradyne, Inc. (NASDAQ:TER) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,000 shares of the company's stock after selling 70,544 shares during the period. Mackenzie Financial Corp owned 0.14% of Teradyne worth $23,874,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Cornerstone Planning Group LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Teradyne in the 3rd quarter valued at about $27,000. CVA Family Office LLC acquired a new position in shares of Teradyne during the 4th quarter valued at about $33,000. Venturi Wealth Management LLC acquired a new position in shares of Teradyne during the 3rd quarter valued at about $36,000. Finally, NBC Securities Inc. acquired a new position in shares of Teradyne during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TER shares. Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday. They set an "outperform" rating and a $130.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Teradyne from $100.00 to $110.00 and gave the company a "neutral" rating in a research note on Thursday, April 11th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $110.00 price objective on shares of Teradyne in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $113.73.

Insider Activity at Teradyne

In other news, Director Ernest E. Maddock acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares of the company's stock, valued at approximately $444,762.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Ernest E. Maddock acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares of the company's stock, valued at approximately $444,762.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 1,083 shares of the firm's stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total transaction of $120,158.85. Following the completion of the transaction, the chief financial officer now directly owns 45,107 shares of the company's stock, valued at approximately $5,004,621.65. The disclosure for this sale can be found here. Insiders sold 11,797 shares of company stock valued at $1,248,237 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Teradyne Price Performance

TER traded down $1.87 during trading hours on Thursday, hitting $100.20. 2,113,828 shares of the stock were exchanged, compared to its average volume of 1,776,071. The stock has a 50-day simple moving average of $105.45 and a 200-day simple moving average of $100.41. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $119.20. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 37.58 and a beta of 1.56.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The firm had revenue of $670.60 million for the quarter, compared to analysts' expectations of $674.99 million. During the same period last year, the business posted $0.92 earnings per share. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. Sell-side analysts expect that Teradyne, Inc. will post 2.82 EPS for the current year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 16th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.48%. This is a positive change from Teradyne's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 15th. Teradyne's dividend payout ratio (DPR) is 17.58%.

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.