Fisher Asset Management LLC Sells 13,091 Shares of Teradyne, Inc. (NASDAQ:TER)

Fisher Asset Management LLC cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,940 shares of the company’s stock after selling 13,091 shares during the period. Fisher Asset Management LLC’s holdings in Teradyne were worth $16,866,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in shares of Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC boosted its stake in shares of Teradyne by 3.1% during the 4th quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after purchasing an additional 105 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Teradyne by 0.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after purchasing an additional 108 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of Teradyne by 5.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock worth $324,000 after purchasing an additional 132 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Teradyne by 1.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,255 shares of the company’s stock worth $1,373,000 after purchasing an additional 133 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on TER. Northland Securities lowered their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. KeyCorp lowered their price objective on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. Susquehanna boosted their price objective on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.77.

Insider Activity at Teradyne

In other Teradyne news, insider Richard John Burns sold 445 shares of the firm’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 $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly 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 sold 8,479 shares of company stock valued at $1,013,134 over the last 90 days. Insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $105.78 on Tuesday. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The firm has a 50-day simple moving average of $123.06 and a 200-day simple moving average of $122.44. The firm has a market cap of $17.11 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.83 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. Teradyne’s payout ratio is 14.41%.

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

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.