M&T Bank Corp Decreases Stock Position in Teradyne, Inc. (NASDAQ:TER)

M&T Bank Corp reduced its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 72.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,238 shares of the company's stock after selling 16,195 shares during the period. M&T Bank Corp's holdings in Teradyne were worth $677,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in Teradyne during the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Teradyne during the third quarter valued at approximately $27,000. CVA Family Office LLC purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $36,000. Finally, NBC Securities Inc. purchased a new stake in shares of Teradyne in the 3rd quarter worth approximately $37,000. 99.77% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares of the company's stock, valued at $2,077,610.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares of the company's stock, valued at approximately $2,077,610.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sanjay Mehta sold 3,750 shares of the business's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

TER has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Teradyne from $100.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $110.00 target price on shares of Teradyne in a research note on Thursday, April 25th. The Goldman Sachs Group raised their price target on shares of Teradyne from $107.00 to $118.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. Robert W. Baird upped their price objective on Teradyne from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Finally, Susquehanna lifted their target price on Teradyne from $125.00 to $130.00 and gave the stock a "positive" rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Teradyne presently has a consensus rating of "Hold" and a consensus target price of $117.83.

Teradyne Stock Performance

Shares of NASDAQ TER traded up $2.26 during midday trading on Tuesday, hitting $127.11. 1,738,662 shares of the company's stock traded hands, compared to its average volume of 1,965,628. The firm has a fifty day moving average of $109.57 and a 200 day moving average of $102.64. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $127.38. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 47.47 and a beta of 1.50.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analysts' expectations of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm's revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. On average, equities analysts anticipate that Teradyne, Inc. will post 2.99 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Tuesday, May 21st. Teradyne's dividend payout ratio (DPR) is currently 18.25%.

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.