Rafferty Asset Management LLC Trims Stock Position in Teradyne, Inc. $TER

Rafferty Asset Management LLC trimmed its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 35.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,394,268 shares of the company’s stock after selling 771,771 shares during the period. Rafferty Asset Management LLC owned about 0.89% of Teradyne worth $191,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TER. Bank of Nova Scotia boosted its stake in Teradyne by 546.5% in the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after buying an additional 83,055 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Teradyne by 9.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after acquiring an additional 7,648 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Teradyne by 291.6% in the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock worth $2,247,000 after acquiring an additional 18,612 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Teradyne by 61.0% in the third quarter. Teacher Retirement System of Texas now owns 39,513 shares of the company’s stock worth $5,439,000 after acquiring an additional 14,969 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in Teradyne in the third quarter valued at approximately $895,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TER. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Vertical Research lowered Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Friday, January 9th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Susquehanna restated a “positive” rating and set a $335.00 price target on shares of Teradyne in a research note on Wednesday, February 4th. Finally, Citigroup raised their price objective on Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $256.24.

Insider Buying and Selling

In other Teradyne 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 completion of the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Teradyne Stock Performance

TER stock opened at $320.03 on Friday. The firm has a market cap of $50.10 billion, a P/E ratio of 91.96, a price-to-earnings-growth ratio of 2.06 and a beta of 1.83. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $344.92. The stock has a 50-day simple moving average of $254.69 and a 200-day simple moving average of $186.15.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.Teradyne’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. On average, equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.1%. Teradyne’s payout ratio is 14.94%.

Teradyne Company Profile

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.