Fmr LLC Cuts Position in Teradyne, Inc. (NASDAQ:TER)

Fmr LLC reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 24.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,601,730 shares of the company’s stock after selling 3,750,102 shares during the quarter. Fmr LLC owned approximately 7.12% of Teradyne worth $1,460,890,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new position in Teradyne in the fourth quarter worth $33,000. AllSquare Wealth Management LLC grew its stake in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Manchester Capital Management LLC grew its stake in Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Teradyne in the fourth quarter valued at about $45,000. Finally, Atala Financial Inc purchased a new stake in Teradyne in the fourth quarter valued at about $47,000. Institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TER. Cantor Fitzgerald cut their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Citigroup decreased their price target on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Northland Securities lowered their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus cut their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Finally, KeyCorp lowered their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Insider Activity

In other news, insider Richard John Burns sold 407 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,399 shares of company stock worth $612,734 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Teradyne Trading Down 8.5 %

Shares of NASDAQ:TER opened at $68.72 on Monday. The business has a 50 day moving average of $102.41 and a two-hundred day moving average of $115.55. Teradyne, Inc. has a 12-month low of $64.02 and a 12-month high of $163.21. The company has a market capitalization of $11.05 billion, a PE ratio of 20.64, a PEG ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is presently 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.