Teradyne, Inc. $TER Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 14.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 70,264 shares of the company’s stock after selling 12,042 shares during the quarter. Peregrine Capital Management LLC’s holdings in Teradyne were worth $9,671,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TER. LS Investment Advisors LLC grew its holdings in shares of Teradyne by 2.3% in the third quarter. LS Investment Advisors LLC now owns 3,945 shares of the company’s stock valued at $543,000 after purchasing an additional 89 shares during the period. Fulton Bank N.A. lifted its position in Teradyne by 4.3% in the second quarter. Fulton Bank N.A. now owns 2,722 shares of the company’s stock valued at $245,000 after buying an additional 113 shares during the last quarter. Manchester Capital Management LLC raised its stake in shares of Teradyne by 29.4% in the 2nd quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock valued at $53,000 after acquiring an additional 133 shares during the period. Outlook Wealth Advisors LLC increased its holdings in Teradyne by 4.8% in the 2nd quarter. Outlook Wealth Advisors LLC now owns 3,452 shares of the company’s stock valued at $310,000 after purchasing an additional 157 shares during the last quarter. Finally, Evelyn Partners Investment Management LLP raised its position in Teradyne by 19.4% in the second quarter. Evelyn Partners Investment Management LLP now owns 1,115 shares of the company’s stock valued at $100,000 after purchasing an additional 181 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, the chief executive officer owned 93,409 shares of the company’s stock, valued at $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

Teradyne Stock Down 2.8%

Shares of Teradyne stock opened at $216.31 on Friday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $229.66. The firm’s 50 day moving average is $189.15 and its two-hundred day moving average is $141.59. The firm has a market capitalization of $33.88 billion, a P/E ratio of 78.66, a P/E/G ratio of 1.61 and a beta of 1.84.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. Teradyne’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. As a group, research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

Analyst Upgrades and Downgrades

TER has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Stifel Nicolaus set a $225.00 price objective on Teradyne and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group upgraded Teradyne from a “sell” rating to a “buy” rating and upped their price target for the stock from $148.00 to $230.00 in a report on Monday, December 15th. Citigroup increased their price target on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Finally, Bank of America raised Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Wednesday, October 29th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Teradyne Company 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.