Massachusetts Financial Services Co. MA Sells 99,154 Shares of Teradyne, Inc. $TER

Massachusetts Financial Services Co. MA reduced its stake in Teradyne, Inc. (NASDAQ:TER) by 31.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 216,674 shares of the company’s stock after selling 99,154 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Teradyne were worth $41,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne in the fourth quarter worth $37,000. True Wealth Design LLC boosted its holdings in shares of Teradyne by 49.6% in the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after acquiring an additional 70 shares during the period. Root Financial Partners LLC bought a new position in shares of Teradyne in the third quarter worth $31,000. Davidson Capital Management Inc. bought a new position in shares of Teradyne in the third quarter worth $31,000. Finally, Hemington Wealth Management boosted its holdings in shares of Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares during the period. 99.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TER. The Goldman Sachs Group raised their price target on Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Cantor Fitzgerald raised their price objective on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. UBS Group raised their price objective on shares of Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Citigroup raised their price objective on shares of Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Stifel Nicolaus set a $325.00 price objective on shares of Teradyne in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.53.

Teradyne Stock Performance

NASDAQ:TER opened at $365.51 on Wednesday. The firm has a market capitalization of $57.22 billion, a price-to-earnings ratio of 105.03, a P/E/G ratio of 2.24 and a beta of 1.79. Teradyne, Inc. has a 52-week low of $68.24 and a 52-week high of $373.00. The stock has a fifty day moving average of $312.10 and a 200 day moving average of $230.77.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. Equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.1%. Teradyne’s payout ratio is presently 14.94%.

About Teradyne

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.