Bank of New York Mellon Corp Has $157.98 Million Position in Teradyne, Inc. $TER

Bank of New York Mellon Corp cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 17.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,147,776 shares of the company’s stock after selling 234,949 shares during the quarter. Bank of New York Mellon Corp owned about 0.72% of Teradyne worth $157,980,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Teradyne during the 3rd quarter valued at $31,000. Hemington Wealth Management raised its holdings in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after buying an additional 79 shares in the last quarter. Orion Capital Management LLC acquired a new stake in shares of Teradyne in the third quarter worth about $47,000. CYBER HORNET ETFs LLC bought a new stake in shares of Teradyne during the 2nd quarter worth about $35,000. Finally, CVA Family Office LLC boosted its stake in shares of Teradyne by 28.9% during the 3rd quarter. CVA Family Office LLC now owns 424 shares of the company’s stock worth $58,000 after acquiring an additional 95 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Teradyne Stock Down 4.3%

TER stock opened at $241.05 on Friday. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $255.20. The company has a market cap of $37.75 billion, a PE ratio of 87.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The business’s 50-day simple moving average is $207.62 and its 200 day simple moving average is $157.56.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s payout ratio is 17.45%.

Analyst Upgrades and Downgrades

TER has been the topic of a number of recent analyst reports. Industrial Alliance Securities set a $175.00 price objective on Teradyne in a research note on Tuesday, October 28th. Morgan Stanley boosted their price objective on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Stifel Nicolaus raised their target price on shares of Teradyne to $280.00 and gave the company a “buy” rating in a research note on Friday. Evercore ISI boosted their target price on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average target price of $206.38.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.