Prudential Financial Inc. Lowers Stock Position in Teradyne, Inc. (NASDAQ:TER)

Prudential Financial Inc. decreased its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 87.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,580 shares of the company's stock after selling 682,234 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Teradyne worth $12,413,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Teradyne during the fourth quarter worth about $160,087,000. Assenagon Asset Management S.A. increased its holdings in 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 buying an additional 873,626 shares during the period. Alkeon Capital Management LLC raised its position in shares of Teradyne by 189.6% in the 3rd 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 in the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of Teradyne during the 3rd quarter worth approximately $91,129,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard John Burns sold 407 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.36% of the company's stock.

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Teradyne Stock Down 1.8 %

Teradyne stock traded down $1.51 during trading hours on Tuesday, reaching $81.09. 1,391,994 shares of the company's stock were exchanged, compared to its average volume of 2,390,982. The firm's 50 day simple moving average is $106.79 and its 200 day simple moving average is $117.01. Teradyne, Inc. has a twelve month low of $79.60 and a twelve month high of $163.21. The firm has a market capitalization of $13.11 billion, a PE ratio of 24.37, a PEG ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER - Get Free Report) last issued 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 return on equity of 19.08% and a net margin of 19.23%. Analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is currently 14.41%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TER. KeyCorp cut their target price on Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Susquehanna decreased their target price on Teradyne from $165.00 to $155.00 and set a "positive" rating on the stock in a research report on Wednesday, March 12th. Cantor Fitzgerald dropped their target price on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price target 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, Vertical Research initiated coverage on shares of Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $121.44.

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.