Advisory Services Network LLC Acquires 141 Shares of Teradyne, Inc. (NASDAQ:TER)

Advisory Services Network LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,384 shares of the company’s stock after acquiring an additional 141 shares during the quarter. Advisory Services Network LLC’s holdings in Teradyne were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TER. Vanguard Group Inc. increased its holdings in Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock worth $2,569,511,000 after buying an additional 92,428 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Teradyne by 59.9% during the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock worth $515,665,000 after purchasing an additional 94,374 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock worth $355,837,000 after purchasing an additional 393,175 shares during the period. Finally, Invesco Ltd. lifted its stake in Teradyne by 4.0% in the fourth quarter. Invesco Ltd. now owns 2,403,193 shares of the company’s stock valued at $302,610,000 after purchasing an additional 92,195 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TER. Morgan Stanley cut their price target on Teradyne from $81.00 to $69.00 and set an “underweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday. Vertical Research initiated coverage on shares of Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. Stifel Nicolaus lowered their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, March 12th. Finally, Bank of America cut their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $118.94.

Teradyne Trading Down 0.0 %

Shares of TER opened at $71.14 on Friday. The company’s fifty day simple moving average is $92.22 and its 200-day simple moving average is $110.99. The company has a market cap of $11.44 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data 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%. Analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insider Activity at Teradyne

In other news, insider Richard John Burns sold 445 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the sale, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,399 shares of company stock worth $612,734 over the last three months. Company insiders own 0.36% of the company’s stock.

Teradyne Company 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.