Primecap Management Co. CA Has $246.58 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Primecap Management Co. CA lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 0.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,958,250 shares of the company’s stock after selling 7,585 shares during the quarter. Primecap Management Co. CA’s holdings in Teradyne were worth $246,583,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Roberts Glore & Co. Inc. IL lifted its position in shares of Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after purchasing an additional 90 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after acquiring an additional 104 shares during the period. GAMMA Investing LLC increased its stake in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after acquiring an additional 105 shares during the period. TD Private Client Wealth LLC increased its stake in Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after acquiring an additional 108 shares during the period. Finally, Citizens Financial Group Inc. RI increased its stake in Teradyne by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock valued at $283,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $90.17 on Tuesday. The stock’s fifty day moving average price is $116.61 and its two-hundred day moving average price is $119.88. Teradyne, Inc. has a 52-week low of $82.98 and a 52-week high of $163.21. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (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%. On average, equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,384 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the sale, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. This represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction 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 approximately $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 in the last 90 days. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TER has been the topic of several research reports. JPMorgan Chase & Co. lowered their price target on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald lowered their price target on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Citigroup lowered their price target on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Northland Securities lowered their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Finally, Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

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.