BI Asset Management Fondsmaeglerselskab A S Cuts Stock Position in Teradyne, Inc. (NASDAQ:TER)

BI Asset Management Fondsmaeglerselskab A S trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,309 shares of the company’s stock after selling 956 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Teradyne were worth $468,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Marshall Financial Group LLC raised its position in Teradyne by 1.2% in the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock valued at $895,000 after purchasing an additional 96 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Teradyne by 24.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock valued at $56,000 after acquiring an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Teradyne by 4.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after purchasing an additional 107 shares in the last quarter. Lido Advisors LLC increased its stake in Teradyne by 0.6% during the 3rd quarter. Lido Advisors LLC now owns 20,369 shares of the company’s stock worth $2,046,000 after buying an additional 125 shares during the period. Finally, Strategic Advisors LLC lifted its holdings in Teradyne by 6.3% during the 4th quarter. Strategic Advisors LLC now owns 2,363 shares of the company’s stock worth $256,000 after buying an additional 140 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Trading Down 1.8 %

Shares of TER opened at $140.25 on Friday. The company’s 50 day simple moving average is $114.26 and its 200-day simple moving average is $105.23. The firm has a market cap of $21.89 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 2.71 and a beta of 1.50. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $145.64.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Tuesday, May 21st. Teradyne’s dividend payout ratio is presently 18.25%.

Insider Buying and Selling

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the sale, the insider now owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold 9,380 shares of company stock valued at $1,214,863 over the last quarter. Company insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Susquehanna boosted their price target on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. increased their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Evercore ISI assumed coverage on Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective for the company. The Goldman Sachs Group raised shares of Teradyne from a “neutral” rating to a “buy” rating and raised their target price for the company from $118.00 to $161.00 in a report on Monday. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price objective on shares of Teradyne in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $122.17.

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.