Dimensional Fund Advisors LP Acquires 6,721 Shares of Teradyne, Inc. (NASDAQ:TER)

Dimensional Fund Advisors LP grew its holdings in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,251,591 shares of the company’s stock after purchasing an additional 6,721 shares during the period. Dimensional Fund Advisors LP’s holdings in Teradyne were worth $109,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its holdings in Teradyne by 1.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the company’s stock worth $882,000 after buying an additional 100 shares during the period. KCM Investment Advisors LLC grew its holdings in Teradyne by 3.3% during the fourth quarter. KCM Investment Advisors LLC now owns 3,159 shares of the company’s stock valued at $276,000 after purchasing an additional 100 shares during the period. Congress Asset Management Co. MA grew its holdings in Teradyne by 3.0% during the fourth quarter. Congress Asset Management Co. MA now owns 3,864 shares of the company’s stock valued at $338,000 after purchasing an additional 114 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Teradyne by 1.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,338 shares of the company’s stock worth $852,000 after acquiring an additional 115 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Teradyne by 0.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,567 shares of the company’s stock worth $1,098,000 after buying an additional 115 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com initiated coverage on Teradyne in a research report on Thursday. They issued a “hold” rating on the stock. KeyCorp boosted their price target on Teradyne from $110.00 to $117.00 and gave the company an “overweight” rating in a report on Friday, March 24th. TheStreet downgraded Teradyne from a “b-” rating to a “c+” rating in a report on Monday, May 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Teradyne from $95.00 to $90.00 in a report on Friday, April 28th. Finally, Robert W. Baird dropped their price target on Teradyne from $115.00 to $104.00 in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Teradyne presently has an average rating of “Hold” and a consensus target price of $95.65.

Teradyne Stock Down 1.5 %

TER opened at $97.10 on Monday. The firm has a 50-day simple moving average of $98.13 and a two-hundred day simple moving average of $99.41. Teradyne, Inc. has a 52 week low of $67.81 and a 52 week high of $112.06. The company has a market capitalization of $15.05 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 4.68 and a beta of 1.54.

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

Teradyne Dividend Announcement

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

Insiders Place Their Bets

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

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.