Teradyne, Inc. (NASDAQ:TER) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC reduced its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 34.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,088,009 shares of the company's stock after selling 1,619,556 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 1.90% of Teradyne worth $388,842,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after buying an additional 92,428 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock valued at $620,552,000 after purchasing an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC grew its position in Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock worth $515,665,000 after purchasing an additional 94,374 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Teradyne by 16.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company's stock valued at $355,837,000 after buying an additional 393,175 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Teradyne by 4.0% in the 4th quarter. Invesco Ltd. now owns 2,403,193 shares of the company's stock valued at $302,610,000 after buying an additional 92,195 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of NASDAQ:TER traded down $0.03 during midday trading on Friday, hitting $77.28. The company's stock had a trading volume of 1,340,444 shares, compared to its average volume of 2,572,644. The company has a market cap of $12.43 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The business's 50 day simple moving average is $89.03 and its 200 day simple moving average is $109.42.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, February 14th. Teradyne's dividend payout ratio (DPR) is presently 14.41%.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,789 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares of the company's stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard John Burns sold 407 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares of the company's stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,399 shares of company stock valued at $612,734. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TER. TD Cowen dropped their target price on Teradyne from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Vertical Research started coverage on shares of Teradyne in a research note on Friday, March 7th. They set a "buy" rating and a $135.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of Teradyne from $120.00 to $92.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a "buy" rating in a report on Wednesday, March 12th. Finally, Morgan Stanley lowered their target price on shares of Teradyne from $81.00 to $69.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $118.94.

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.