Park Avenue Securities LLC Trims Stock Position in Teradyne, Inc. (NASDAQ:TER)

Park Avenue Securities LLC lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 29.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,789 shares of the company’s stock after selling 742 shares during the period. Park Avenue Securities LLC’s holdings in Teradyne were worth $202,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its stake in Teradyne by 6.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock valued at $4,555,000 after acquiring an additional 2,590 shares in the last quarter. International Assets Investment Management LLC grew its stake in Teradyne by 8,125.5% in the 4th quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock worth $14,443,000 after buying an additional 131,470 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Teradyne by 6.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,270 shares of the company’s stock worth $16,104,000 after buying an additional 9,960 shares in the last quarter. Caxton Associates LP purchased a new position in Teradyne in the 4th quarter worth approximately $1,560,000. Finally, KBC Group NV grew its stake in Teradyne by 1,544.3% in the 4th quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after buying an additional 444,442 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 1.2 %

NASDAQ:TER opened at $149.60 on Wednesday. The company has a fifty day moving average of $136.07 and a 200 day moving average of $115.89. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $152.23. The firm has a market capitalization of $23.35 billion, a P/E ratio of 56.88, a P/E/G ratio of 2.80 and a beta of 1.50.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. During the same period in the prior year, the business posted $0.55 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that Teradyne, Inc. will post 3.04 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.32%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. UBS Group boosted their price target on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Evercore ISI assumed coverage on shares of Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target for the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. Finally, Susquehanna upped their price objective on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.85.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the transaction, the director now owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,005 shares of company stock worth $1,304,763. 0.18% of the stock is currently owned by corporate insiders.

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.