First Trust Advisors LP Sells 148,805 Shares of Teradyne, Inc. (NASDAQ:TER)

First Trust Advisors LP cut its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 47.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,417 shares of the company's stock after selling 148,805 shares during the period. First Trust Advisors LP owned about 0.10% of Teradyne worth $20,577,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Teradyne during the 4th quarter valued at $270,989,000. Van ECK Associates Corp grew its stake in shares of Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after buying an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Teradyne in the fourth quarter worth about $160,087,000. Assenagon Asset Management S.A. lifted its stake in shares of Teradyne by 1,767.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after acquiring an additional 873,626 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Teradyne by 38.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,873,936 shares of the company's stock valued at $235,966,000 after acquiring an additional 523,296 shares during the period. Institutional investors own 99.77% of the company's stock.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 445 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the sale, the insider now owns 25,191 shares of the company's stock, valued at $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $154,302.16. Following the completion of the transaction, the chief financial officer now directly owns 36,576 shares in the company, valued at $4,077,858.24. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,399 shares of company stock valued at $612,734. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

TER has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus lowered their price target on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Susquehanna cut their price target on shares of Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a report on Wednesday, March 12th. Cantor Fitzgerald decreased their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Finally, TD Cowen dropped their target price on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Teradyne has a consensus rating of "Moderate Buy" and an average target price of $118.94.

Teradyne Trading Down 0.2 %

Shares of TER stock opened at $77.12 on Friday. The company's fifty day moving average price is $88.28 and its 200-day moving average price is $108.91. The stock has a market cap of $12.40 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is 14.41%.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.

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