Teradyne, Inc. (NASDAQ:TER) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 99.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,871 shares of the company's stock after selling 15,001,435 shares during the quarter. Calamos Advisors LLC owned 0.07% of Teradyne worth $11,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Teradyne by 0.9% in the first quarter. Vanguard Group Inc. now owns 18,128,206 shares of the company's stock worth $2,143,298,000 after purchasing an additional 154,445 shares during the period. BlackRock Inc. lifted its position in Teradyne by 1.7% in the first quarter. BlackRock Inc. now owns 13,566,844 shares of the company's stock worth $1,458,571,000 after purchasing an additional 229,924 shares during the period. FMR LLC lifted its position in Teradyne by 3.9% in the third quarter. FMR LLC now owns 11,533,715 shares of the company's stock worth $1,158,677,000 after purchasing an additional 437,054 shares during the period. State Street Corp lifted its position in Teradyne by 2.1% in the first quarter. State Street Corp now owns 6,423,963 shares of the company's stock worth $690,640,000 after purchasing an additional 131,204 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Teradyne by 2.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company's stock worth $445,254,000 after purchasing an additional 106,848 shares during the period. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 317 shares of the business's stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $112.68, for a total transaction of $35,719.56. Following the completion of the sale, the insider now directly owns 20,300 shares of the company's stock, valued at approximately $2,287,404. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Richard John Burns sold 317 shares of the business's stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the transaction, the insider now directly owns 20,300 shares in the company, valued at approximately $2,287,404. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the transaction, the chief financial officer now owns 31,180 shares of the company's stock, valued at $3,277,018. The disclosure for this sale can be found here. In the last three months, insiders sold 11,797 shares of company stock valued at $1,248,237. 0.36% of the stock is currently owned by insiders.

Teradyne Price Performance

Shares of NASDAQ:TER traded down $4.23 during midday trading on Friday, reaching $95.97. The company's stock had a trading volume of 2,920,024 shares, compared to its average volume of 1,562,197. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $119.20. The company has a market capitalization of $14.68 billion, a P/E ratio of 35.15 and a beta of 1.56. The business's fifty day simple moving average is $105.36 and its 200-day simple moving average is $100.38.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $674.99 million. During the same period last year, the company posted $0.92 earnings per share. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts forecast that Teradyne, Inc. will post 2.82 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were issued a dividend of $0.12 per share. This is a boost from Teradyne's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.50%. The ex-dividend date was Thursday, February 15th. Teradyne's payout ratio is currently 17.58%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Evercore ISI assumed coverage on Teradyne in a report on Tuesday. They set an "outperform" rating and a $130.00 price objective for the company. Cantor Fitzgerald reissued a "neutral" rating and set a $110.00 price objective on shares of Teradyne in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Teradyne from $100.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Teradyne has an average rating of "Hold" and a consensus target price of $113.73.

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.