Peregrine Capital Management LLC Reduces Position in Teradyne, Inc. (NASDAQ:TER)

Peregrine Capital Management LLC lowered its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 14.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,360 shares of the company's stock after selling 13,171 shares during the period. Peregrine Capital Management LLC's holdings in Teradyne were worth $8,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in shares of Teradyne in the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Teradyne during the 3rd quarter valued at $27,000. CVA Family Office LLC purchased a new stake in Teradyne during the 4th quarter valued at $33,000. Venturi Wealth Management LLC purchased a new stake in Teradyne during the 3rd quarter valued at $36,000. Finally, NBC Securities Inc. purchased a new stake in Teradyne during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

Shares of NASDAQ TER traded down $4.79 during midday trading on Wednesday, hitting $106.40. 1,516,892 shares of the stock traded hands, compared to its average volume of 1,770,646. The firm has a 50-day moving average of $104.57 and a two-hundred day moving average of $100.14. The firm has a market capitalization of $16.28 billion, a P/E ratio of 38.97 and a beta of 1.56. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20.

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

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were issued a $0.12 dividend. This is a boost from Teradyne's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, February 15th. Teradyne's dividend payout ratio (DPR) is currently 17.58%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the acquisition, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the acquisition, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard John Burns sold 317 shares of the firm's stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $112.68, for a total value of $35,719.56. Following the sale, the insider now directly owns 20,300 shares in the company, valued at $2,287,404. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,797 shares of company stock valued at $1,248,237. 0.18% of the stock is owned by company insiders.

Teradyne 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.