Dimensional Fund Advisors LP Sells 137,767 Shares of Teradyne, Inc. $TER

Dimensional Fund Advisors LP lessened its position in shares of Teradyne, Inc. (NASDAQ:TER) by 16.0% during the 1st quarter, HoldingsChannel reports. The fund owned 720,661 shares of the company’s stock after selling 137,767 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Teradyne were worth $213,504,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TER. Caitong International Asset Management Co. Ltd acquired a new stake in Teradyne in the fourth quarter worth about $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Teradyne in the 2nd quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne in the 4th quarter valued at about $37,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Teradyne during the 4th quarter worth approximately $41,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Teradyne by 149.1% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $42,000 after buying an additional 85 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $349.92 on Friday. Teradyne, Inc. has a 52-week low of $89.18 and a 52-week high of $487.91. The stock has a market cap of $54.78 billion, a P/E ratio of 64.80, a P/E/G ratio of 1.08 and a beta of 1.74. The firm has a 50 day moving average price of $382.42 and a 200 day moving average price of $332.85.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. Analysts predict that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Analysts Set New Price Targets

TER has been the topic of several analyst reports. Weiss Ratings lowered shares of Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Bank of America upped their target price on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Susquehanna increased their price target on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Morgan Stanley set a $387.00 price target on Teradyne in a research report on Thursday, April 30th. Finally, Stifel Nicolaus lifted their price objective on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $394.53.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider directly owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is owned by company insiders.

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.