Massachusetts Financial Services Co. MA Lowers Stock Position in Teradyne, Inc. $TER

Key Points

• Massachusetts Financial Services cut its Teradyne stake by 31.4%, selling 99,154 shares to hold 216,674 shares (about 0.14% of the company) valued at roughly $41.94 million at quarter-end.
• Teradyne reported strong results with Q earnings of $1.80 EPS (vs. $1.36 est.) and revenue of $1.08B, up 43.9% year-over-year, and the stock trades near its 52-week high (around $365) with a $57.2B market cap.
• Analyst sentiment is a "Moderate Buy" with an average target of $289.53 although some firms raised targets (e.g., Susquehanna to $415), and institutional investors hold about 99.77% of the stock.

Massachusetts Financial Services Co. MA lowered its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,674 shares of the company's stock after selling 99,154 shares during the period. Massachusetts Financial Services Co. MA owned about 0.14% of Teradyne worth $41,939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. ARK Investment Management LLC grew its holdings in shares of Teradyne by 25.2% in the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company's stock valued at $374,701,000 after acquiring an additional 548,140 shares in the last quarter. Aspen Wealth Strategies LLC bought a new position in shares of Teradyne in the third quarter valued at approximately $577,000. Assenagon Asset Management S.A. grew its holdings in shares of Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company's stock valued at $176,144,000 after acquiring an additional 882,723 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Teradyne by 9.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company's stock valued at $12,542,000 after acquiring an additional 7,648 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Teradyne by 291.6% in the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company's stock valued at $2,247,000 after acquiring an additional 18,612 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Trading Down 1.2%

Shares of NASDAQ TER opened at $365.51 on Wednesday. The stock has a fifty day simple moving average of $312.10 and a two-hundred day simple moving average of $230.77. Teradyne, Inc. has a 1-year low of $68.24 and a 1-year high of $373.00. The firm has a market cap of $57.22 billion, a price-to-earnings ratio of 105.03, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. During the same period in the prior year, the company earned $0.95 earnings per share. Teradyne's revenue was up 43.9% compared to the same quarter last year. Analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, February 13th. Teradyne's dividend payout ratio (DPR) is currently 14.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TER. Northland Securities reaffirmed a "market perform" rating and issued a $270.00 target price on shares of Teradyne in a report on Wednesday, February 4th. Susquehanna increased their price target on shares of Teradyne from $335.00 to $415.00 and gave the company a "positive" rating in a research report on Thursday, April 9th. Evercore increased their price target on shares of Teradyne from $200.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday, February 2nd. TD Cowen restated a "buy" rating on shares of Teradyne in a research report on Thursday, January 22nd. Finally, Vertical Research lowered shares of Teradyne from a "buy" rating to a "hold" rating and set a $220.00 price target for the company. in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $289.53.

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.

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