Teradyne, Inc. (NASDAQ:TER) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,709 shares of the company’s stock after selling 404 shares during the quarter. Lmcg Investments LLC owned approximately 0.06% of Teradyne worth $11,296,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TER. State Street Corp increased its stake in Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares during the last quarter. Geode Capital Management LLC raised its stake in Teradyne by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after acquiring an additional 209,868 shares in the last quarter. Van ECK Associates Corp lifted its position in Teradyne by 6.3% in the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after acquiring an additional 183,721 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after acquiring an additional 374,522 shares in the last quarter. Finally, Aspex Management HK Ltd grew its holdings in shares of Teradyne by 11.5% during the third quarter. Aspex Management HK Ltd now owns 2,387,433 shares of the company’s stock worth $319,749,000 after purchasing an additional 246,914 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Teradyne Stock Up 0.6 %

Shares of Teradyne stock opened at $138.40 on Tuesday. The business has a 50-day moving average price of $121.85 and a 200 day moving average price of $126.85. Teradyne, Inc. has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The firm has a market cap of $22.54 billion, a P/E ratio of 43.94, a P/E/G ratio of 2.30 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same period last year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne declared that its board has initiated a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were given a $0.12 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.35%. Teradyne’s dividend payout ratio is presently 15.24%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Evercore ISI upped their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus lowered their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Craig Hallum dropped their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird cut their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.33.

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.