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

Fmr LLC decreased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 24.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,601,730 shares of the company’s stock after selling 3,750,102 shares during the period. Fmr LLC owned 0.07% of Teradyne worth $1,460,890,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TER. Polymer Capital Management HK LTD purchased a new stake in shares of Teradyne during the fourth quarter worth approximately $1,634,000. Federated Hermes Inc. increased its position in shares of Teradyne by 213.3% in the 4th quarter. Federated Hermes Inc. now owns 729,221 shares of the company’s stock valued at $91,824,000 after purchasing an additional 496,491 shares during the last quarter. Oribel Capital Management LP acquired a new stake in shares of Teradyne in the 4th quarter valued at $21,998,000. Hurley Capital LLC purchased a new stake in shares of Teradyne during the 4th quarter worth $110,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Teradyne during the fourth quarter worth $69,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Down 8.5 %

NASDAQ TER opened at $68.72 on Monday. The firm has a market cap of $11.05 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 52-week low of $64.02 and a 52-week high of $163.21. The business’s 50-day moving average price is $102.41 and its 200 day moving average price is $115.55.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insider Activity

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the transaction, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction 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 directly owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % 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 valued at $612,734 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the topic of a number of analyst reports. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Susquehanna cut their target price on Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research report on Wednesday, March 12th. KeyCorp lowered their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a report on Wednesday, March 12th. Finally, Citigroup reduced their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.