Crossmark Global Holdings Inc. Sells 772 Shares of Teradyne, Inc. (NASDAQ:TER)

Crossmark Global Holdings Inc. lessened its position in shares of Teradyne, Inc. (NASDAQ:TERGet Rating) by 9.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,116 shares of the company’s stock after selling 772 shares during the period. Crossmark Global Holdings Inc.’s holdings in Teradyne were worth $535,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its stake in Teradyne by 36.5% in the second quarter. Van ECK Associates Corp now owns 2,665,014 shares of the company’s stock valued at $238,652,000 after purchasing an additional 713,243 shares in the last quarter. Nordea Investment Management AB increased its stake in Teradyne by 25.9% in the third quarter. Nordea Investment Management AB now owns 2,795,487 shares of the company’s stock valued at $211,366,000 after purchasing an additional 575,165 shares in the last quarter. Deutsche Bank AG increased its stake in Teradyne by 66.2% in the second quarter. Deutsche Bank AG now owns 790,601 shares of the company’s stock valued at $70,798,000 after purchasing an additional 314,816 shares in the last quarter. Robeco Schweiz AG increased its stake in Teradyne by 69.1% in the first quarter. Robeco Schweiz AG now owns 752,600 shares of the company’s stock valued at $88,980,000 after purchasing an additional 307,600 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Teradyne by 76.4% in the second quarter. Renaissance Technologies LLC now owns 694,791 shares of the company’s stock valued at $62,219,000 after purchasing an additional 300,891 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Teradyne Stock Up 3.9 %

TER opened at $97.53 on Monday. The company has a quick ratio of 2.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.02. The stock has a market cap of $15.19 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 5.98 and a beta of 1.52. Teradyne, Inc. has a twelve month low of $67.81 and a twelve month high of $148.66. The company’s 50-day moving average price is $91.65 and its two-hundred day moving average price is $88.03.

Teradyne (NASDAQ:TERGet Rating) last released its earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. The firm had revenue of $827.07 million for the quarter, compared to analysts’ expectations of $800.20 million. Teradyne had a net margin of 23.38% and a return on equity of 33.39%. The company’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 earnings per share. As a group, equities analysts expect that Teradyne, Inc. will post 4.07 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Monday, November 28th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Friday, November 25th. Teradyne’s payout ratio is currently 9.84%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Cowen decreased their price target on shares of Teradyne to $110.00 in a research note on Thursday, October 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Teradyne from $95.00 to $85.00 and set a “hold” rating for the company in a research report on Thursday, October 13th. The Goldman Sachs Group decreased their target price on shares of Teradyne from $106.00 to $93.00 and set a “neutral” rating for the company in a research report on Thursday, October 27th. StockNews.com began coverage on shares of Teradyne in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Craig Hallum raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Thursday, October 27th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $96.20.

Insider Activity at Teradyne

In related news, CEO Mark E. Jagiela sold 67,631 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $87.60, for a total transaction of $5,924,475.60. Following the sale, the chief executive officer now directly owns 167,104 shares in the company, valued at approximately $14,638,310.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is currently owned by corporate insiders.

About Teradyne

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Teradyne, Inc engages in the development and sale of automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, Wireless Test, and Corporate and Other. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.

Further Reading

Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TERGet Rating).

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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