UBS Group AG Trims Position in Teradyne, Inc. (NASDAQ:TER)

UBS Group AG cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) by 67.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 180,086 shares of the company’s stock after selling 371,177 shares during the period. UBS Group AG’s holdings in Teradyne were worth $15,731,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Empirical Finance LLC increased its stake in shares of Teradyne by 23.1% during the third quarter. Empirical Finance LLC now owns 3,443 shares of the company’s stock valued at $259,000 after buying an additional 647 shares during the period. First Trust Advisors LP grew its stake in Teradyne by 43.5% in the third quarter. First Trust Advisors LP now owns 181,170 shares of the company’s stock worth $13,614,000 after purchasing an additional 54,930 shares during the period. Barclays PLC grew its stake in Teradyne by 24.8% in the third quarter. Barclays PLC now owns 678,473 shares of the company’s stock worth $50,987,000 after purchasing an additional 134,867 shares during the period. Boothbay Fund Management LLC purchased a new stake in Teradyne in the third quarter worth $601,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in Teradyne by 8.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 556,350 shares of the company’s stock worth $41,811,000 after purchasing an additional 41,092 shares during the period. 97.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TER has been the topic of several recent research reports. Northland Securities reduced their price target on Teradyne from $97.00 to $87.00 in a research note on Friday, April 28th. KeyCorp upped their price target on Teradyne from $110.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, March 24th. TheStreet cut Teradyne from a “b-” rating to a “c+” rating in a research note on Monday, May 8th. Robert W. Baird cut their target price on Teradyne from $115.00 to $104.00 in a research note on Friday, April 28th. Finally, Loop Capital cut Teradyne from a “buy” rating to a “hold” rating and cut their target price for the stock from $110.00 to $102.00 in a research note on Friday, January 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and a consensus price target of $95.65.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 750 shares of the company’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $100.00, for a total value of $75,000.00. Following the completion of the sale, the director now owns 17,487 shares in the company, valued at $1,748,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Mercedes Johnson sold 750 shares of Teradyne stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $100.00, for a total transaction of $75,000.00. Following the sale, the director now owns 17,487 shares of the company’s stock, valued at approximately $1,748,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 1,093 shares of Teradyne stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $90.95, for a total value of $99,408.35. Following the sale, the insider now directly owns 17,168 shares in the company, valued at approximately $1,561,429.60. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $97.10 on Friday. Teradyne, Inc. has a fifty-two week low of $67.81 and a fifty-two week high of $112.06. The business’s 50-day moving average is $98.13 and its two-hundred day moving average is $99.35. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 4.75 and a beta of 1.54.

Teradyne (NASDAQ:TER – Get Rating) last posted its earnings results on Wednesday, April 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. Teradyne had a return on equity of 26.88% and a net margin of 21.12%. The company had revenue of $617.53 million for the quarter, compared to the consensus estimate of $603.03 million. During the same quarter in the prior year, the company earned $0.98 earnings per share. Teradyne’s revenue was down 18.2% on a year-over-year basis. Equities analysts predict that Teradyne, Inc. will post 2.76 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Wednesday, May 24th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Tuesday, May 23rd. Teradyne’s dividend payout ratio is 11.58%.

Teradyne Company Profile

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