Lmcg Investments LLC Lowers Stock Position in Teradyne, Inc. (NASDAQ:TER)

Lmcg Investments LLC trimmed its stake in Teradyne, Inc. (NASDAQ:TERFree Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 93,369 shares of the company’s stock after selling 1,008 shares during the period. Lmcg Investments LLC owned about 0.06% of Teradyne worth $10,132,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its holdings in Teradyne by 7.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 14,245 shares of the company’s stock valued at $1,431,000 after acquiring an additional 948 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Teradyne by 2.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,753 shares of the company’s stock valued at $879,000 after purchasing an additional 198 shares in the last quarter. Strs Ohio grew its holdings in shares of Teradyne by 57.9% in the third quarter. Strs Ohio now owns 13,140 shares of the company’s stock valued at $1,320,000 after purchasing an additional 4,819 shares in the last quarter. Advisor Partners II LLC increased its stake in Teradyne by 7.2% during the 3rd quarter. Advisor Partners II LLC now owns 5,477 shares of the company’s stock worth $550,000 after buying an additional 370 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in Teradyne during the 3rd quarter worth approximately $316,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the transaction, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TER shares. Susquehanna boosted their price target on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. The Goldman Sachs Group upped their price target on Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. JPMorgan Chase & Co. increased their price target on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Robert W. Baird boosted their price objective on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Evercore ISI initiated coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $117.83.

Read Our Latest Report on TER

Teradyne Trading Up 3.8 %

Shares of Teradyne stock traded up $4.84 on Wednesday, hitting $131.95. The stock had a trading volume of 3,351,660 shares, compared to its average volume of 1,980,374. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of 48.33 and a beta of 1.50. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $132.65. The company’s 50 day moving average price is $110.03 and its 200 day moving average price is $102.95.

Teradyne (NASDAQ:TERGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. Analysts predict that Teradyne, Inc. will post 2.99 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd will be paid a $0.12 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a yield of 0.36%. Teradyne’s dividend payout ratio is presently 18.25%.

About Teradyne

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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