Peregrine Capital Management LLC Has $8.07 Million Position in Teradyne, Inc. (NASDAQ:TER)

Peregrine Capital Management LLC lessened its position in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 92,375 shares of the company’s stock after selling 2,778 shares during the quarter. Peregrine Capital Management LLC’s holdings in Teradyne were worth $8,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Teradyne in the 3rd quarter valued at $37,000. CI Investments Inc. boosted its stake in shares of Teradyne by 52.1% in the 3rd quarter. CI Investments Inc. now owns 537 shares of the company’s stock valued at $40,000 after purchasing an additional 184 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Teradyne by 47.5% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 590 shares of the company’s stock valued at $44,000 after purchasing an additional 190 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Teradyne by 114.2% in the third quarter. CVA Family Office LLC now owns 619 shares of the company’s stock valued at $47,000 after buying an additional 330 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Teradyne by 231.6% in the first quarter. Brown Brothers Harriman & Co. now owns 620 shares of the company’s stock valued at $73,000 after buying an additional 433 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Insider Activity at Teradyne

In related news, CEO Mark E. Jagiela sold 67,631 shares of the firm’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $87.60, for a total value of $5,924,475.60. Following the sale, the chief executive officer now directly owns 167,104 shares of the company’s stock, valued at $14,638,310.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mercedes Johnson sold 750 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $75,000.00. Following the completion of the transaction, the director now directly owns 19,737 shares in the company, valued at $1,973,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark E. Jagiela sold 67,631 shares of the firm’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $87.60, for a total value of $5,924,475.60. Following the transaction, the chief executive officer now owns 167,104 shares of the company’s stock, valued at $14,638,310.40. The disclosure for this sale can be found here. Insiders have sold 82,847 shares of company stock valued at $7,452,053 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

Teradyne Price Performance

TER stock opened at $105.10 on Friday. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 4.75 and a beta of 1.55. The business’s fifty day moving average price is $102.57 and its two-hundred day moving average price is $90.51. Teradyne, Inc. has a fifty-two week low of $67.81 and a fifty-two week high of $127.29.

Teradyne (NASDAQ:TER – Get Rating) last released its earnings results on Wednesday, January 25th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.17. The company had revenue of $731.84 million for the quarter, compared to analyst estimates of $711.84 million. Teradyne had a return on equity of 30.09% and a net margin of 22.68%. Teradyne’s quarterly revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 EPS. Research analysts expect that Teradyne, Inc. will post 2.97 EPS for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, February 17th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Thursday, February 16th. Teradyne’s dividend payout ratio (DPR) is presently 10.43%.

Analyst Ratings Changes

A number of research firms recently issued reports on TER. Loop Capital cut Teradyne from a “buy” rating to a “hold” rating and cut their price target for the company from $110.00 to $102.00 in a report on Friday, January 27th. Evercore ISI set a $110.00 price objective on Teradyne in a report on Wednesday, November 23rd. TheStreet raised Teradyne from a “c+” rating to a “b-” rating in a report on Tuesday, January 24th. Jefferies Financial Group initiated coverage on Teradyne in a report on Thursday, January 12th. They set a “buy” rating for the company. Finally, Citigroup boosted their price objective on Teradyne from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Sunday, February 5th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $87.52.

Teradyne Company Profile

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