Legal & General Group Plc Sells 124,201 Shares of Teradyne, Inc. $TER

Legal & General Group Plc decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 8.9% in the 3rd quarter, Holdings Channel reports. The firm owned 1,275,469 shares of the company’s stock after selling 124,201 shares during the period. Legal & General Group Plc’s holdings in Teradyne were worth $175,572,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TER. Integrated Wealth Concepts LLC lifted its position in Teradyne by 12.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after purchasing an additional 468 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Teradyne in the 1st quarter worth $297,000. Prospera Financial Services Inc bought a new position in shares of Teradyne in the 2nd quarter worth $901,000. Aviva PLC raised its position in shares of Teradyne by 134.2% during the 2nd quarter. Aviva PLC now owns 87,192 shares of the company’s stock valued at $7,840,000 after buying an additional 49,956 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Teradyne by 0.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,408 shares of the company’s stock valued at $4,533,000 after buying an additional 404 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Trading Down 5.1%

TER opened at $286.61 on Friday. The company has a market cap of $44.87 billion, a P/E ratio of 82.36, a P/E/G ratio of 1.87 and a beta of 1.76. The business’s 50-day moving average price is $273.23 and its 200-day moving average price is $197.94. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $344.92.

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

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a $0.12 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s payout ratio is presently 14.94%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TER. Northland Securities reiterated a “market perform” rating and issued a $270.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Cantor Fitzgerald raised their price target on Teradyne from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Royal Bank Of Canada set a $270.00 price target on Teradyne in a research note on Monday, February 2nd. TD Cowen reiterated a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Finally, Citigroup increased their price objective on Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $273.73.

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.