Lmcg Investments LLC Sells 6,506 Shares of Teradyne, Inc. $TER

Lmcg Investments LLC cut its position in Teradyne, Inc. (NASDAQ:TER) by 15.8% in the third quarter, HoldingsChannel.com reports. The firm owned 34,562 shares of the company’s stock after selling 6,506 shares during the quarter. Lmcg Investments LLC’s holdings in Teradyne were worth $4,757,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TER. Ameriprise Financial Inc. increased its stake in Teradyne by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after buying an additional 143,058 shares in the last quarter. Federated Hermes Inc. raised its stake in Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after purchasing an additional 1,679,215 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Teradyne by 11.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after purchasing an additional 354,876 shares in the last quarter. Primecap Management Co. CA boosted its stake in Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after purchasing an additional 1,125,868 shares during the period. Finally, Invesco Ltd. grew its holdings in Teradyne by 2.5% during the 2nd quarter. Invesco Ltd. now owns 2,859,466 shares of the company’s stock valued at $257,123,000 after buying an additional 68,568 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 0.2%

Teradyne stock opened at $228.15 on Friday. The firm has a market capitalization of $35.73 billion, a PE ratio of 82.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.84. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $238.92. The firm has a 50-day moving average price of $194.38 and a 200-day moving average price of $147.65.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. The business had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. As a group, sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is 17.45%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TER. Morgan Stanley raised their target price on shares of Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Northland Securities set a $186.00 target price on Teradyne in a research report on Thursday, October 30th. Evercore ISI raised their price target on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. Finally, Vertical Research cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research report on Friday, January 9th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.44.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.