Kayne Anderson Rudnick Investment Management LLC Lowers Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 34.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,088,009 shares of the company's stock after selling 1,619,556 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 1.90% of Teradyne worth $388,842,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mirabella Financial Services LLP acquired a new position in Teradyne during the 4th quarter worth about $241,000. MetLife Investment Management LLC boosted its holdings in Teradyne by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 49,255 shares of the company's stock valued at $6,202,000 after acquiring an additional 474 shares during the last quarter. Natixis increased its position in Teradyne by 261.1% during the 4th quarter. Natixis now owns 375,508 shares of the company's stock valued at $47,284,000 after purchasing an additional 271,524 shares during the period. Norinchukin Bank The raised its holdings in Teradyne by 7.6% during the 4th quarter. Norinchukin Bank The now owns 7,094 shares of the company's stock worth $893,000 after purchasing an additional 499 shares during the last quarter. Finally, Ossiam lifted its position in shares of Teradyne by 183.1% in the 4th quarter. Ossiam now owns 20,216 shares of the company's stock worth $2,546,000 after purchasing an additional 13,076 shares during the period. Institutional investors own 99.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald lowered their target price on shares of Teradyne from $150.00 to $110.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus dropped their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. UBS Group set a $130.00 target price on Teradyne and gave the company a "buy" rating in a research report on Wednesday, March 12th. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Finally, Citigroup cut their price target on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $118.94.

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 445 shares of the stock in a transaction dated 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 transaction, the insider now owns 25,191 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $154,302.16. Following the completion of the sale, the chief financial officer now directly owns 36,576 shares in the company, valued at approximately $4,077,858.24. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,399 shares of company stock valued at $612,734 over the last ninety days. 0.16% of the stock is currently owned by insiders.

Teradyne Stock Up 5.6 %

Teradyne stock traded up $4.12 during midday trading on Thursday, hitting $77.30. 3,576,370 shares of the stock were exchanged, compared to its average volume of 2,576,727. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $163.21. The business's 50-day moving average price is $89.75 and its 200-day moving average price is $109.78. The stock has a market capitalization of $12.43 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly 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%. On average, sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend 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.