First Trust Advisors LP Trims Stock Holdings in Teradyne, Inc. $TER

First Trust Advisors LP lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 10.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 282,118 shares of the company’s stock after selling 33,630 shares during the period. First Trust Advisors LP owned 0.18% of Teradyne worth $38,831,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TER. Root Financial Partners LLC bought a new stake in shares of Teradyne during the 3rd quarter valued at $31,000. Davidson Capital Management Inc. bought a new position in Teradyne in the 3rd quarter worth about $31,000. Hemington Wealth Management boosted its stake in Teradyne by 43.2% in the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the period. Orion Capital Management LLC purchased a new position in Teradyne during the 3rd quarter valued at about $47,000. Finally, Hantz Financial Services Inc. grew its holdings in Teradyne by 41.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $51,000 after buying an additional 108 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TER. Bank of America increased their price target on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Cantor Fitzgerald boosted their price objective on shares of Teradyne from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Vertical Research lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a research note on Thursday, January 22nd. Finally, Evercore raised their price target on shares of Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $273.73.

Teradyne Trading Down 5.1%

Shares of NASDAQ TER opened at $286.61 on Friday. The business has a 50-day moving average of $273.23 and a 200-day moving average of $197.94. The firm has a market capitalization of $44.87 billion, a price-to-earnings ratio of 82.36, a PEG ratio of 1.87 and a beta of 1.76. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $344.92.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. During the same period last year, the firm posted $0.95 earnings per share. Teradyne’s quarterly revenue was up 43.9% on a year-over-year basis. On average, analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is 14.94%.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.