Teradyne, Inc. (TER) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in Teradyne, Inc. (NYSE:TER) by 10.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 536,997 shares of the semiconductor company’s stock after selling 64,500 shares during the quarter. LSV Asset Management’s holdings in Teradyne were worth $21,393,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TER. PRW Wealth Management LLC bought a new position in shares of Teradyne in the fourth quarter valued at about $27,000. Capital Financial Planning LLC bought a new position in shares of Teradyne in the fourth quarter valued at about $31,000. Exane Derivatives bought a new position in shares of Teradyne in the first quarter valued at about $36,000. Captrust Financial Advisors raised its holdings in shares of Teradyne by 49.6% in the fourth quarter. Captrust Financial Advisors now owns 1,785 shares of the semiconductor company’s stock valued at $56,000 after buying an additional 592 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Teradyne by 2,983.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,334,484 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 2,258,762 shares during the last quarter.

A number of research firms recently issued reports on TER. Zacks Investment Research raised Teradyne from a “hold” rating to a “strong-buy” rating and set a $55.00 price target for the company in a report on Friday, April 26th. Robert W. Baird raised Teradyne from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $39.00 to $55.00 in a report on Thursday, April 25th. DA Davidson lifted their price target on Teradyne to $48.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Cowen reaffirmed a “market perform” rating and issued a $50.00 price target (up from $40.00) on shares of Teradyne in a report on Thursday, April 25th. Finally, Stifel Nicolaus lifted their price target on Teradyne from $48.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.60.

In related news, Director Michael A. Bradley sold 27,049 shares of Teradyne stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $48.95, for a total value of $1,324,048.55. Following the completion of the sale, the director now directly owns 74,008 shares in the company, valued at $3,622,691.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brad Robbins sold 10,000 shares of Teradyne stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $49.46, for a total value of $494,600.00. Following the completion of the sale, the insider now owns 43,840 shares of the company’s stock, valued at $2,168,326.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,345 shares of company stock valued at $3,751,648. Corporate insiders own 0.49% of the company’s stock.

Shares of TER stock opened at $42.31 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. The stock has a market capitalization of $7.46 billion, a P/E ratio of 18.08, a PEG ratio of 2.02 and a beta of 1.25. Teradyne, Inc. has a 12 month low of $28.73 and a 12 month high of $49.83.

Teradyne (NYSE:TER) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. The firm had revenue of $494.00 million during the quarter, compared to analyst estimates of $476.23 million. Teradyne had a return on equity of 23.50% and a net margin of 9.81%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Equities analysts anticipate that Teradyne, Inc. will post 2.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, May 29th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.85%. Teradyne’s payout ratio is 15.38%.

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About Teradyne

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

Further Reading: Growth and Income Funds

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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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