Primecap Management Co. CA Cuts Stake in Teradyne, Inc. (NASDAQ:TER)

Primecap Management Co. CA reduced its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,958,250 shares of the company's stock after selling 7,585 shares during the period. Primecap Management Co. CA owned approximately 1.20% of Teradyne worth $246,583,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Compass Financial Services Inc acquired a new position in Teradyne during the fourth quarter worth $33,000. Manchester Capital Management LLC raised its holdings in shares of Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock worth $39,000 after acquiring an additional 227 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of Teradyne in the 3rd quarter worth about $46,000. Atala Financial Inc bought a new position in Teradyne in the 4th quarter valued at about $47,000. Finally, Brooklyn Investment Group acquired a new position in Teradyne during the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Performance

TER traded down $0.67 during trading on Friday, reaching $87.51. 5,930,137 shares of the company traded hands, compared to its average volume of 2,294,645. The company has a market cap of $14.15 billion, a P/E ratio of 26.28, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12-month low of $82.98 and a 12-month high of $163.21. The firm has a fifty day simple moving average of $113.66 and a 200 day simple moving average of $119.11.

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Teradyne (NASDAQ:TER - Get Free Report) last posted 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%. As a group, sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Insider Activity

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

Wall Street Analysts Forecast Growth

TER has been the subject of several analyst reports. Citigroup dropped their target price on Teradyne from $130.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Cantor Fitzgerald dropped their price objective on Teradyne from $150.00 to $110.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. KeyCorp reduced their target price on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Robert W. Baird dropped their price target 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. Finally, Northland Securities reduced their price objective 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Teradyne presently has an average rating of "Moderate Buy" and a consensus price target of $121.44.

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.