Teradyne, Inc. $TER Stock Holdings Cut by Donoghue Forlines LLC

Donoghue Forlines LLC reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 39.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne during the 4th quarter valued at $37,000. True Wealth Design LLC boosted its stake in Teradyne by 49.6% during the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after purchasing an additional 70 shares in the last quarter. Root Financial Partners LLC bought a new position in Teradyne during the 3rd quarter valued at $31,000. Davidson Capital Management Inc. bought a new position in Teradyne during the 3rd quarter valued at $31,000. Finally, Activest Wealth Management boosted its stake in Teradyne by 73.6% during the 4th quarter. Activest Wealth Management now owns 243 shares of the company’s stock valued at $47,000 after purchasing an additional 103 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Down 1.9%

TER opened at $356.55 on Friday. The stock has a fifty day moving average of $335.09 and a 200-day moving average of $263.04. The firm has a market capitalization of $55.82 billion, a P/E ratio of 66.03, a PEG ratio of 1.49 and a beta of 1.79. Teradyne, Inc. has a 12-month low of $75.99 and a 12-month high of $422.11.

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

Teradyne Increases Dividend

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

Insider Activity

In related news, VP Ryan Driscoll sold 680 shares of the stock in a transaction 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 completion of the sale, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TER shares. UBS Group increased their price target on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Morgan Stanley set a $387.00 price target on Teradyne in a research note on Thursday, April 30th. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Northland Securities reiterated a “market perform” rating and set a $270.00 price objective on shares of Teradyne in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $339.80.

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.