Teradyne, Inc. (NASDAQ:TER) Stake Cut by Picton Mahoney Asset Management

Picton Mahoney Asset Management trimmed its stake in Teradyne, Inc. (NASDAQ:TER) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,168 shares of the company’s stock after selling 524 shares during the quarter. Picton Mahoney Asset Management’s holdings in Teradyne were worth $1,406,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Midwest Professional Planners LTD. bought a new stake in Teradyne in the fourth quarter valued at $346,000. Atala Financial Inc bought a new stake in Teradyne in the fourth quarter valued at $47,000. Parnassus Investments LLC lifted its stake in Teradyne by 8.4% in the fourth quarter. Parnassus Investments LLC now owns 242,068 shares of the company’s stock valued at $30,481,000 after buying an additional 18,733 shares during the last quarter. Impact Capital Partners LLC bought a new stake in Teradyne in the fourth quarter valued at $507,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Teradyne by 98.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 59,623 shares of the company’s stock valued at $7,552,000 after buying an additional 29,587 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TER. Susquehanna lowered their price target on Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a report on Wednesday. Robert W. Baird lowered their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday. UBS Group set a $130.00 price target on Teradyne and gave the company a “buy” rating in a report on Wednesday. TD Cowen lowered their price target on Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus lowered their price target on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday. Two research 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’s stock. According to data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

Teradyne Trading Up 1.7 %

Shares of TER opened at $86.74 on Friday. The business’s 50-day moving average price is $117.60 and its 200 day moving average price is $120.28. The stock has a market capitalization of $14.03 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $82.98 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last issued 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%. On average, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current 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. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Teradyne’s dividend payout ratio is currently 14.41%.

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is currently owned by company insiders.

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.