Fox Run Management L.L.C. Cuts Stake in Teradyne, Inc. (NASDAQ:TER)

Fox Run Management L.L.C. lessened its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 40.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,222 shares of the company's stock after selling 2,899 shares during the quarter. Fox Run Management L.L.C.'s holdings in Teradyne were worth $532,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position 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 worth $620,552,000 after acquiring an additional 1,846,079 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Teradyne during the 4th quarter worth $160,087,000. Assenagon Asset Management S.A. increased its stake in Teradyne by 1,767.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company's stock valued at $116,233,000 after purchasing an additional 873,626 shares during the period. Alkeon Capital Management LLC raised its holdings in shares of Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company's stock valued at $153,218,000 after buying an additional 749,003 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Teradyne during the third quarter worth about $91,129,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 1,384 shares of the business'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 owns 36,576 shares of the company's stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 445 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 transaction of $49,613.05. Following the transaction, the insider now directly owns 25,191 shares in the company, valued at $2,808,544.59. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

Several analysts have commented on the company. UBS Group set a $130.00 price objective on Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Morgan Stanley cut their price target on Teradyne from $112.00 to $81.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Northland Securities dropped their price objective on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, Stifel Nicolaus reduced their target price on shares of Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

Teradyne Stock Performance

TER stock traded down $2.90 during midday trading on Friday, hitting $82.78. 2,363,794 shares of the stock were exchanged, compared to its average volume of 2,392,806. The stock's 50-day moving average price is $107.90 and its 200-day moving average price is $117.43. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a fifty-two week low of $82.47 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last released 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%. Research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Teradyne's dividend payout ratio is currently 14.41%.

Teradyne 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.