Baillie Gifford & Co. Decreases Stake in Teradyne, Inc. (NASDAQ:TER)

Baillie Gifford & Co. reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,511,570 shares of the company's stock after selling 221,534 shares during the period. Baillie Gifford & Co. owned approximately 2.95% of Teradyne worth $489,596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Financial Group LLC raised its stake in shares of Teradyne by 1.2% during the 4th quarter. Marshall Financial Group LLC now owns 8,251 shares of the company's stock worth $895,000 after buying an additional 96 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Teradyne by 24.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company's stock valued at $56,000 after purchasing an additional 100 shares during the last quarter. Raymond James Trust N.A. raised its stake in Teradyne by 5.0% in the 2nd quarter. Raymond James Trust N.A. now owns 2,280 shares of the company's stock valued at $254,000 after purchasing an additional 109 shares during the last quarter. TFC Financial Management Inc. raised its stake in Teradyne by 18.3% in the 3rd quarter. TFC Financial Management Inc. now owns 745 shares of the company's stock valued at $75,000 after purchasing an additional 115 shares during the last quarter. Finally, West Family Investments Inc. raised its stake in Teradyne by 6.8% in the 1st quarter. West Family Investments Inc. now owns 1,800 shares of the company's stock valued at $213,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Up 3.1 %

NASDAQ TER traded up $3.37 during trading on Tuesday, reaching $111.19. 1,439,423 shares of the company's stock were exchanged, compared to its average volume of 1,775,235. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $119.20. The firm has a market capitalization of $17.01 billion, a PE ratio of 40.73 and a beta of 1.56. The company's fifty day simple moving average is $104.38 and its 200-day simple moving average is $100.10.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The business had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. During the same period in the previous year, the company earned $0.92 EPS. The firm's revenue was down 8.4% on a year-over-year basis. Equities analysts forecast that Teradyne, Inc. will post 2.95 EPS for the current fiscal year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were given a $0.12 dividend. This is an increase from Teradyne's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date was Thursday, February 15th. Teradyne's payout ratio is currently 17.58%.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 1,083 shares of Teradyne stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the transaction, the chief financial officer now directly owns 45,107 shares of the company's stock, valued at approximately $5,004,621.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Sanjay Mehta sold 1,083 shares of the business's stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the sale, the chief financial officer now owns 45,107 shares of the company's stock, valued at approximately $5,004,621.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ernest E. Maddock purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, valued at $444,762.96. The disclosure for this purchase can be found here. Insiders have sold a total of 11,797 shares of company stock valued at $1,248,237 in the last three months. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Bank of America reissued an "underperform" rating and issued a $100.00 target price on shares of Teradyne in a research note on Friday, December 15th. JPMorgan Chase & Co. raised shares of Teradyne from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $90.00 to $100.00 in a research note on Thursday, February 15th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $110.00 price objective on shares of Teradyne in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $111.00.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.