Koss Olinger Consulting LLC Cuts Stake in Teradyne, Inc. (NASDAQ:TER)

Koss Olinger Consulting LLC lowered its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,812 shares of the company's stock after selling 4,068 shares during the quarter. Koss Olinger Consulting LLC's holdings in Teradyne were worth $2,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company's stock worth $921,458,000 after buying an additional 350,002 shares during the last quarter. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after acquiring an additional 1,846,079 shares during the period. Geode Capital Management LLC boosted its holdings in Teradyne by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company's stock valued at $535,484,000 after purchasing an additional 209,868 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Teradyne by 16.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after purchasing an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Teradyne by 7.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company's stock worth $302,582,000 after buying an additional 157,838 shares in the last quarter. Institutional investors own 99.77% of the company's stock.

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Teradyne Stock Performance

Shares of NASDAQ:TER traded down $0.67 during midday trading on Friday, hitting $87.51. 5,930,137 shares of the stock were exchanged, compared to its average volume of 2,294,772. The business's 50-day moving average price is $112.72 and its 200 day moving average price is $118.73. Teradyne, Inc. has a 12 month low of $82.98 and a 12 month high of $163.21. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share 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%. As a group, sell-side analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.55%. Teradyne's dividend payout ratio (DPR) is 14.41%.

Analyst Ratings Changes

Several research firms have recently issued reports on TER. Morgan Stanley reduced their target price on Teradyne from $112.00 to $81.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. UBS Group set a $130.00 target price on shares of Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Northland Securities dropped their target price on shares of Teradyne from $154.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Finally, Cantor Fitzgerald lowered their price objective on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Two investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.44.

Insider Buying and Selling

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the transaction, the vice president now directly owns 4,312 shares of the company's stock, valued at approximately $439,824. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard John Burns sold 445 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the sale, the insider now directly owns 25,191 shares of the company's stock, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 over the last ninety days. 0.36% of the stock is owned by company insiders.

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.