Fmr LLC Has $1.46 Billion Stake in Teradyne, Inc. (NASDAQ:TER)

FMR LLC trimmed its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,601,730 shares of the company's stock after selling 3,750,102 shares during the period. FMR LLC owned approximately 7.12% of Teradyne worth $1,460,890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TER. Roberts Glore & Co. Inc. IL increased its stake in Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock valued at $517,000 after buying an additional 90 shares during the period. GAMMA Investing LLC increased its stake in shares of Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock valued at $434,000 after acquiring an additional 105 shares during the period. TD Private Client Wealth LLC raised its holdings in Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company's stock worth $2,666,000 after purchasing an additional 108 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Teradyne by 4.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,127 shares of the company's stock worth $429,000 after purchasing an additional 119 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in Teradyne by 5.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock worth $283,000 after purchasing an additional 124 shares during the period. 99.77% of the stock is currently owned by institutional investors.

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Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 445 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the transaction, the insider now owns 25,191 shares of the company's stock, valued at approximately $2,808,544.59. This represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sanjay Mehta sold 1,789 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,399 shares of company stock valued at $612,734 in the last three months. Corporate insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of research reports. Northland Securities dropped their price objective on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. KeyCorp dropped their price target on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. TD Cowen reduced their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their target price on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Finally, UBS Group set a $130.00 target price on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Teradyne currently has a consensus rating of "Moderate Buy" and an average price target of $121.44.

Teradyne Stock Performance

Shares of NASDAQ TER traded up $1.36 during mid-day trading on Friday, reaching $73.65. The company had a trading volume of 3,689,926 shares, compared to its average volume of 2,531,051. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.83 and a beta of 1.65. The stock has a fifty day moving average of $96.33 and a two-hundred day moving average of $112.97. 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 released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.65%. The ex-dividend date was Friday, February 14th. Teradyne's payout ratio is currently 14.41%.

Teradyne Company Profile

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.