Rhumbline Advisers Lowers Position in Teradyne, Inc. $TER

Rhumbline Advisers decreased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,672 shares of the company’s stock after selling 30,277 shares during the quarter. Rhumbline Advisers owned 0.19% of Teradyne worth $27,396,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TER. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Teradyne by 3.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock worth $24,908,000 after acquiring an additional 9,094 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Teradyne by 73.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after purchasing an additional 1,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Teradyne by 17.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock valued at $11,893,000 after purchasing an additional 21,219 shares in the last quarter. Machina Capital S.A.S. raised its holdings in Teradyne by 96.3% in the 2nd quarter. Machina Capital S.A.S. now owns 5,425 shares of the company’s stock worth $488,000 after purchasing an additional 2,661 shares during the period. Finally, Cornercap Investment Counsel Inc. boosted its position in Teradyne by 60.9% during the second quarter. Cornercap Investment Counsel Inc. now owns 9,130 shares of the company’s stock worth $821,000 after purchasing an additional 3,454 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total value of $199,661.60. Following the transaction, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at $17,031,963.40. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 3,324 shares of company stock valued at $494,318. 0.16% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

NASDAQ TER opened at $179.38 on Thursday. Teradyne, Inc. has a one year low of $65.77 and a one year high of $191.56. The business has a fifty day moving average price of $153.48 and a 200 day moving average price of $116.93. The company has a market cap of $28.09 billion, a P/E ratio of 65.23, a P/E/G ratio of 3.64 and a beta of 1.90.

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

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be issued a $0.12 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Teradyne’s dividend payout ratio is presently 17.45%.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of recent analyst reports. Robert W. Baird set a $195.00 price objective on Teradyne in a research report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Citigroup boosted their price target on shares of Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Evercore ISI upped their price objective on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Susquehanna reiterated a “positive” rating and issued a $215.00 target price on shares of Teradyne in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $171.25.

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.