Teradyne, Inc. $TER Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its holdings in Teradyne, Inc. (NASDAQ:TER) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,163,538 shares of the company’s stock after selling 45,263 shares during the period. Geode Capital Management LLC’s holdings in Teradyne were worth $802,787,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TER. Williamson Legacy Group LLC acquired a new stake in Teradyne in the fourth quarter valued at approximately $770,000. Jackson Creek Investment Advisors LLC purchased a new position in Teradyne in the fourth quarter valued at $426,000. Integrity Alliance LLC. purchased a new position in Teradyne in the fourth quarter valued at $230,000. Revere Asset Management Inc purchased a new position in Teradyne in the fourth quarter valued at $546,000. Finally, Atlatl Advisers LLC increased its holdings in Teradyne by 18.0% in the fourth quarter. Atlatl Advisers LLC now owns 10,317 shares of the company’s stock valued at $1,997,000 after buying an additional 1,576 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TER shares. Citigroup upped their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $350.00 price target on Teradyne in a report on Thursday, April 30th. UBS Group upped their price target on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada set a $270.00 price target on Teradyne in a report on Monday, February 2nd. Finally, Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Stock Performance

Shares of Teradyne stock opened at $374.31 on Friday. The company has a market cap of $58.59 billion, a P/E ratio of 69.32, a PEG ratio of 1.57 and a beta of 1.79. Teradyne, Inc. has a one year low of $77.02 and a one year high of $422.11. The firm has a fifty day moving average of $348.35 and a two-hundred day moving average of $276.44.

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

Teradyne Increases Dividend

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

Insider Activity

In other news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the transaction, the vice president owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. This represents a 4.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 10,941 shares of company stock worth $3,751,992. Company 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.