Stone Ridge Asset Management LLC trimmed its stake in shares of Teradyne, Inc. (NYSE:TER) by 56.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,122 shares of the semiconductor company’s stock after selling 14,655 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Teradyne were worth $349,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its stake in Teradyne by 14.6% during the third quarter. Alliancebernstein L.P. now owns 131,874 shares of the semiconductor company’s stock worth $4,877,000 after buying an additional 16,832 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Teradyne by 0.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 598,601 shares of the semiconductor company’s stock valued at $22,136,000 after purchasing an additional 1,600 shares in the last quarter. Westpac Banking Corp acquired a new stake in shares of Teradyne in the 3rd quarter valued at $4,646,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Teradyne by 5.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 688,223 shares of the semiconductor company’s stock valued at $25,450,000 after purchasing an additional 37,533 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at $425,000.
Shares of Teradyne stock traded down $0.04 during trading on Friday, reaching $44.81. The company’s stock had a trading volume of 1,430,551 shares, compared to its average volume of 2,305,928. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.02 and a beta of 1.25. Teradyne, Inc. has a one year low of $28.73 and a one year high of $45.80. The company has a quick ratio of 3.76, a current ratio of 4.10 and a debt-to-equity ratio of 0.23.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $0.36 annualized dividend and a yield of 0.80%. Teradyne’s dividend payout ratio is currently 15.38%.
Several equities research analysts have recently commented on TER shares. Stifel Nicolaus reduced their target price on shares of Teradyne from $47.00 to $42.50 and set a “buy” rating on the stock in a research note on Wednesday, January 23rd. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Zacks Investment Research upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, Credit Suisse Group restated a “hold” rating on shares of Teradyne in a research note on Friday, January 25th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.77.
In other news, insider Gregory Stephen Smith sold 11,210 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $36.82, for a total value of $412,752.20. Following the completion of the sale, the insider now directly owns 25,993 shares of the company’s stock, valued at approximately $957,062.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gregory R. Beecher sold 26,778 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $36.93, for a total value of $988,911.54. Following the completion of the sale, the chief financial officer now directly owns 82,679 shares of the company’s stock, valued at $3,053,335.47. The disclosure for this sale can be found here. Insiders have sold a total of 211,079 shares of company stock valued at $8,102,210 over the last three months. Company insiders own 0.49% of the company’s stock.
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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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