Hartford Investment Management Co. Has $1.27 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Hartford Investment Management Co. reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,060 shares of the company’s stock after selling 193 shares during the quarter. Hartford Investment Management Co.’s holdings in Teradyne were worth $1,267,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in shares of Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after buying an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC raised its holdings in Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after acquiring an additional 749,003 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Teradyne in the 3rd quarter worth approximately $91,129,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after purchasing an additional 393,175 shares in the last quarter. Finally, State Street Corp increased its position in shares of Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares during the period. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Up 0.4 %

Shares of NASDAQ TER opened at $113.25 on Friday. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21. The firm’s 50-day simple moving average is $125.44 and its 200 day simple moving average is $123.16. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 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%. On average, equities analysts expect that Teradyne, Inc. will post 3.91 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne’s payout ratio is currently 14.41%.

Teradyne declared that its board has initiated a stock buyback program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TER. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. KeyCorp lowered their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group cut their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Northland Securities cut their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average price target of $143.77.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now directly owns 20,764 shares of the company’s stock, valued at $2,502,269.64. This represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 over the last 90 days. 0.36% of the stock is owned by company insiders.

About Teradyne

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.