Teradyne, Inc. (NASDAQ:TER) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 1.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 185,980 shares of the company’s stock after selling 3,400 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Teradyne were worth $20,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Inspire Investing LLC purchased a new position in Teradyne during the 3rd quarter worth approximately $2,311,000. CIBC Asset Management Inc increased its holdings in shares of Teradyne by 155.2% during the 3rd quarter. CIBC Asset Management Inc now owns 36,711 shares of the company’s stock valued at $4,008,000 after purchasing an additional 22,327 shares in the last quarter. qPULA Trading Management LP purchased a new position in shares of Teradyne during the 3rd quarter valued at approximately $208,000. First Horizon Advisors Inc. increased its holdings in shares of Teradyne by 41.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,904 shares of the company’s stock valued at $134,000 after purchasing an additional 557 shares in the last quarter. Finally, Commerce Bank increased its holdings in shares of Teradyne by 11.6% during the 3rd quarter. Commerce Bank now owns 43,683 shares of the company’s stock valued at $4,768,000 after purchasing an additional 4,549 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on TER shares. Craig Hallum raised shares of Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, October 28th. Morgan Stanley lifted their target price on shares of Teradyne from $150.00 to $161.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Teradyne from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, December 15th. Loop Capital initiated coverage on shares of Teradyne in a research note on Thursday. They set a “buy” rating and a $202.00 target price on the stock. Finally, UBS Group raised shares of Teradyne from a “sell” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $140.00 in a research note on Thursday, October 28th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $166.00.

In other news, Director Marilyn Matz sold 4,349 shares of the stock in a transaction that occurred on Monday, January 3rd. The stock was sold at an average price of $164.86, for a total value of $716,976.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark E. Jagiela sold 29,878 shares of the stock in a transaction that occurred on Thursday, October 28th. The shares were sold at an average price of $136.15, for a total value of $4,067,889.70. The disclosure for this sale can be found here. Insiders sold 40,465 shares of company stock valued at $5,658,186 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

TER stock opened at $164.57 on Friday. The company’s 50 day moving average price is $156.10 and its 200 day moving average price is $133.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.05 and a current ratio of 3.35. Teradyne, Inc. has a fifty-two week low of $104.05 and a fifty-two week high of $168.91. The firm has a market capitalization of $26.83 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 1.72 and a beta of 1.38.

Teradyne (NASDAQ:TER) last released its earnings results on Tuesday, October 26th. The company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.16. Teradyne had a net margin of 27.59% and a return on equity of 42.06%. The firm had revenue of $950.50 million for the quarter, compared to analyst estimates of $932.86 million. During the same period in the prior year, the firm earned $1.18 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 5.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 17th. Investors of record on Wednesday, November 24th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, November 23rd. Teradyne’s dividend payout ratio (DPR) is 7.53%.

Teradyne Profile

Teradyne, Inc engages in the development and sale of self automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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