Lmcg Investments LLC Reduces Stock Position in Teradyne, Inc. $TER

Lmcg Investments LLC decreased its position in Teradyne, Inc. (NASDAQ:TER) by 15.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,562 shares of the company’s stock after selling 6,506 shares during the quarter. Lmcg Investments LLC’s holdings in Teradyne were worth $4,757,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TER. CYBER HORNET ETFs LLC purchased a new position in shares of Teradyne during the second quarter valued at approximately $35,000. Hemington Wealth Management lifted its holdings in Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the period. Steph & Co. bought a new position in shares of Teradyne in the 2nd quarter worth approximately $43,000. MUFG Securities EMEA plc bought a new stake in shares of Teradyne during the second quarter valued at approximately $43,000. Finally, Bayforest Capital Ltd grew its stake in Teradyne by 195.5% in the second quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock worth $47,000 after purchasing an additional 346 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $240.00 price target on shares of Teradyne in a research note on Tuesday, December 16th. Evercore ISI raised their price objective on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Robert W. Baird set a $195.00 target price on shares of Teradyne in a research note on Friday, October 31st. Finally, Zacks Research downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.44.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction 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 directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is owned by company insiders.

Teradyne Price Performance

NASDAQ TER opened at $228.15 on Friday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $238.92. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 82.96, a PEG ratio of 1.65 and a beta of 1.84. The business’s fifty day moving average price is $194.38 and its 200-day moving average price is $147.65.

Teradyne (NASDAQ:TER) last posted its 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 company had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.Teradyne’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. Equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is presently 17.45%.

Teradyne 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.