Shufro Rose & Co. LLC Lowers Holdings in Teradyne, Inc. (NASDAQ:TER)

Shufro Rose & Co. LLC trimmed its holdings in Teradyne, Inc. (NASDAQ:TERGet Rating) by 10.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,907 shares of the company’s stock after selling 1,010 shares during the period. Shufro Rose & Co. LLC’s holdings in Teradyne were worth $1,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in TER. State Street Corp lifted its position in shares of Teradyne by 0.9% in the fourth quarter. State Street Corp now owns 6,687,900 shares of the company’s stock worth $1,093,672,000 after buying an additional 56,830 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Teradyne by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 6,015,224 shares of the company’s stock worth $983,669,000 after buying an additional 170,413 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Teradyne by 5.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,187,381 shares of the company’s stock worth $684,764,000 after buying an additional 215,804 shares in the last quarter. Norges Bank purchased a new stake in shares of Teradyne in the fourth quarter worth about $264,189,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Teradyne by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,451,336 shares of the company’s stock worth $171,591,000 after buying an additional 5,251 shares in the last quarter. 96.94% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of TER stock opened at $100.75 on Friday. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 6.02 and a beta of 1.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.85 and a quick ratio of 2.48. The business has a fifty day moving average of $96.74 and a 200 day moving average of $108.40. Teradyne, Inc. has a 1 year low of $82.97 and a 1 year high of $168.91.

Teradyne (NASDAQ:TERGet Rating) last issued its earnings results on Tuesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.07. Teradyne had a return on equity of 36.06% and a net margin of 24.67%. During the same period last year, the business posted $1.91 earnings per share. As a group, research analysts expect that Teradyne, Inc. will post 3.91 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Wednesday, May 25th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.44%. The ex-dividend date was Tuesday, May 24th. Teradyne’s dividend payout ratio is currently 9.21%.

Insider Activity

In other news, CEO Mark E. Jagiela sold 37,857 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $100.20, for a total transaction of $3,793,271.40. Following the sale, the chief executive officer now directly owns 234,735 shares in the company, valued at approximately $23,520,447. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Mark E. Jagiela sold 37,857 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $100.20, for a total transaction of $3,793,271.40. Following the sale, the chief executive officer now directly owns 234,735 shares in the company, valued at approximately $23,520,447. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brad Robbins sold 3,145 shares of Teradyne stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $89.49, for a total value of $281,446.05. Following the completion of the sale, the insider now owns 44,755 shares in the company, valued at $4,005,124.95. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TER. Northland Securities reduced their price objective on Teradyne from $90.00 to $85.00 in a research note on Thursday, July 28th. Morgan Stanley reduced their price objective on Teradyne from $132.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. UBS Group reduced their price objective on Teradyne from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft cut their target price on Teradyne from $100.00 to $95.00 in a research note on Thursday, July 28th. Finally, Citigroup cut their target price on Teradyne from $130.00 to $112.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.55.

Teradyne Profile

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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