Teradyne, Inc. (NASDAQ:TER) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA trimmed its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,958,250 shares of the company’s stock after selling 7,585 shares during the quarter. Primecap Management Co. CA owned about 1.20% of Teradyne worth $246,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp raised its position in shares of Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares during the period. Van ECK Associates Corp increased its position in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the period. Geode Capital Management LLC increased its position in Teradyne by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after acquiring an additional 209,868 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after acquiring an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Teradyne by 7.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after acquiring an additional 157,838 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 407 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of 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. Over the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the topic of several analyst reports. Bank of America lowered their target price on Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their target price on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Citigroup decreased their price target on Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, Morgan Stanley decreased their price target on Teradyne from $112.00 to $81.00 and set an “underweight” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Stock Up 4.0 %

Shares of Teradyne stock opened at $90.17 on Tuesday. The stock has a market cap of $14.58 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. The business has a fifty day simple moving average of $116.61 and a 200-day simple moving average of $119.88. Teradyne, Inc. has a 12 month low of $82.98 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. Teradyne’s dividend payout ratio is 14.41%.

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.