Fisher Asset Management LLC Sells 1,964 Shares of Teradyne, Inc. (NASDAQ:TER)


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Fisher Asset Management LLC reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 1.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 162,430 shares of the company’s stock after selling 1,964 shares during the quarter. Fisher Asset Management LLC’s holdings in Teradyne were worth $19,764,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in Teradyne during the 1st quarter valued at $27,000. Fieldpoint Private Securities LLC purchased a new position in Teradyne during the 4th quarter valued at $29,000. Motco purchased a new position in Teradyne during the 4th quarter valued at $29,000. Clearview Wealth Advisors LLC purchased a new position in Teradyne during the 4th quarter valued at $31,000. Finally, International Assets Investment Management LLC purchased a new position in Teradyne during the 4th quarter valued at $31,000. Institutional investors own 94.85% of the company’s stock.

In other news, Director Edwin J. Gillis sold 19,015 shares of Teradyne stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $111.29, for a total transaction of $2,116,179.35. Following the completion of the sale, the director now directly owns 22,633 shares in the company, valued at $2,518,826.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark E. Jagiela sold 90,545 shares of Teradyne stock in a transaction on Thursday, March 18th. The stock was sold at an average price of $114.38, for a total value of $10,356,537.10. Following the sale, the chief executive officer now owns 281,413 shares of the company’s stock, valued at $32,188,018.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,613 shares of company stock valued at $21,656,282. 0.62% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on TER. KeyCorp upped their target price on shares of Teradyne from $115.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 6th. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Wednesday, January 13th. Morgan Stanley upped their target price on shares of Teradyne from $138.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, April 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Teradyne from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 29th. Finally, Citigroup upped their target price on shares of Teradyne from $107.00 to $162.00 in a research report on Monday, January 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $127.56.

TER opened at $124.99 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.05 and a current ratio of 3.34. The stock has a market capitalization of $20.82 billion, a P/E ratio of 31.40, a P/E/G ratio of 1.14 and a beta of 1.35. The company’s 50-day simple moving average is $124.83 and its two-hundred day simple moving average is $123.07. Teradyne, Inc. has a 52-week low of $56.42 and a 52-week high of $147.90.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Tuesday, April 27th. The company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.06. Teradyne had a net margin of 24.02% and a return on equity of 44.90%. The firm had revenue of $782.00 million for the quarter, compared to analysts’ expectations of $760.43 million. During the same quarter in the prior year, the business earned $1.00 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Research analysts forecast that Teradyne, Inc. will post 4.49 EPS for the current fiscal year.

About Teradyne

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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