Teradyne, Inc. $TER Position Lessened by Donoghue Forlines LLC

Donoghue Forlines LLC trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER) by 39.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,236 shares of the company’s stock after selling 7,195 shares during the quarter. Donoghue Forlines LLC’s holdings in Teradyne were worth $2,175,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its position in Teradyne by 229.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 81,726 shares of the company’s stock worth $15,819,000 after buying an additional 56,921 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in Teradyne during the fourth quarter worth $313,000. Bank Julius Baer & Co. Ltd Zurich increased its position in Teradyne by 227.5% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 94,854 shares of the company’s stock worth $18,567,000 after buying an additional 65,887 shares during the last quarter. Fourier Capital Management Ltd acquired a new position in Teradyne during the fourth quarter worth $8,515,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Teradyne during the fourth quarter worth $124,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Trading Down 1.9%

NASDAQ TER opened at $356.55 on Friday. The stock’s 50 day moving average is $335.09 and its two-hundred day moving average is $263.04. The company has a market capitalization of $55.82 billion, a price-to-earnings ratio of 66.03, a PEG ratio of 1.49 and a beta of 1.79. Teradyne, Inc. has a 1-year low of $75.99 and a 1-year high of $422.11.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company’s quarterly revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. On average, analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Northland Securities reissued a “market perform” rating and set a $270.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Cantor Fitzgerald increased their target price on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Royal Bank Of Canada set a $270.00 price objective on Teradyne in a research note on Monday, February 2nd. Finally, Citigroup lifted their target price on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Insiders Place Their Bets

In other Teradyne news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

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.