Fisher Asset Management LLC Trims Stock Position in Teradyne, Inc. (NASDAQ:TER)


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Fisher Asset Management LLC reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TER. CVA Family Office LLC purchased a new position in Teradyne during the 1st quarter valued at $27,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Teradyne in the 4th quarter worth about $29,000. Motco purchased a new stake in shares of Teradyne in the 4th quarter worth about $29,000. Clearview Wealth Advisors LLC purchased a new stake in shares of Teradyne in the 4th quarter worth about $31,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Teradyne in the 4th quarter worth about $31,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ TER opened at $124.99 on Tuesday. Teradyne, Inc. has a 12 month low of $56.42 and a 12 month high of $147.90. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 1.14 and a beta of 1.35. The company’s 50 day moving average is $124.83 and its two-hundred day moving average is $123.07. The company has a current ratio of 3.34, a quick ratio of 3.05 and a debt-to-equity ratio of 0.20.

Teradyne (NASDAQ:TER) last released its earnings results on Tuesday, April 27th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.06. Teradyne had a net margin of 24.02% and a return on equity of 44.90%. The company had revenue of $782.00 million for the quarter, compared to analysts’ expectations of $760.43 million. During the same quarter last year, the business earned $1.00 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Sell-side analysts forecast that Teradyne, Inc. will post 4.49 EPS for the current year.

In other Teradyne news, CEO Mark E. Jagiela sold 57,941 shares of the stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $123.71, for a total transaction of $7,167,881.11. Following the completion of the sale, the chief executive officer now directly owns 320,637 shares of the company’s stock, valued at approximately $39,666,003.27. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark E. Jagiela sold 90,545 shares of the stock in a transaction that occurred on Thursday, March 18th. The shares were sold at an average price of $114.38, for a total transaction of $10,356,537.10. Following the sale, the chief executive officer now directly owns 281,413 shares of the company’s stock, valued at $32,188,018.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,613 shares of company stock worth $21,656,282. 0.62% of the stock is owned by company insiders.

A number of research firms have recently weighed in on TER. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $150.00 target price (up from $128.00) on shares of Teradyne in a research report on Monday, January 18th. 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. Credit Suisse Group increased their price objective on shares of Teradyne from $125.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, April 29th. DA Davidson cut their price objective on shares of Teradyne from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday, January 29th. Finally, KeyCorp increased their price objective on shares of Teradyne from $115.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, January 6th. 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.

Teradyne Company Profile

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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