Primecap Management Co. CA Sells 21,935 Shares of Teradyne, Inc. (NASDAQ:TER)

Primecap Management Co. CA lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,426,695 shares of the company’s stock after selling 21,935 shares during the quarter. Primecap Management Co. CA’s holdings in Teradyne were worth $154,825,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new position in shares of Teradyne during the third quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Teradyne during the third quarter valued at about $27,000. CVA Family Office LLC acquired a new position in shares of Teradyne during the fourth quarter valued at about $33,000. NBC Securities Inc. acquired a new position in shares of Teradyne during the third quarter valued at about $37,000. Finally, American National Bank acquired a new position in shares of Teradyne during the fourth quarter valued at about $37,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 2.7 %

Shares of TER stock traded up $3.76 during trading hours on Friday, hitting $144.01. 2,134,235 shares of the company were exchanged, compared to its average volume of 2,476,846. The firm has a fifty day simple moving average of $115.08 and a 200 day simple moving average of $105.75. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $145.64. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of 54.76, a P/E/G ratio of 2.66 and a beta of 1.50.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. During the same quarter last year, the business posted $0.55 EPS. Teradyne’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.33%. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TER. KeyCorp upped their price objective on shares of Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday. Robert W. Baird upped their target price on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. JPMorgan Chase & Co. upped their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Thursday, April 25th. Finally, Susquehanna upped their target price on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $122.17.

Insider Activity

In other news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the transaction, the insider now directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the sale, the insider now directly owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The disclosure for this sale can be found here. Insiders sold 9,380 shares of company stock worth $1,214,863 in the last three months. Corporate insiders own 0.36% of the company’s stock.

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.