Liberty Mutual Group Asset Management Inc. Decreases Position in Teradyne (TER)

Liberty Mutual Group Asset Management Inc. trimmed its position in Teradyne (NYSE:TER) by 23.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,633 shares of the semiconductor company’s stock after selling 11,588 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Teradyne were worth $1,766,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in Teradyne by 27.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,186,459 shares of the semiconductor company’s stock worth $175,287,000 after purchasing an additional 908,059 shares in the last quarter. Deutsche Bank AG grew its stake in Teradyne by 52.4% in the fourth quarter. Deutsche Bank AG now owns 2,699,933 shares of the semiconductor company’s stock worth $113,039,000 after purchasing an additional 928,903 shares in the last quarter. Two Sigma Advisers LP grew its stake in Teradyne by 168.8% in the fourth quarter. Two Sigma Advisers LP now owns 2,489,626 shares of the semiconductor company’s stock worth $104,241,000 after purchasing an additional 1,563,591 shares in the last quarter. Geode Capital Management LLC grew its stake in Teradyne by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,717,201 shares of the semiconductor company’s stock worth $71,899,000 after purchasing an additional 150,144 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Teradyne by 1.5% in the first quarter. Thrivent Financial for Lutherans now owns 1,588,113 shares of the semiconductor company’s stock worth $72,593,000 after purchasing an additional 24,067 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

A number of equities analysts recently commented on the company. Cowen assumed coverage on Teradyne in a research note on Monday, May 14th. They issued a “market perform” rating and a $40.00 price target for the company. ValuEngine upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Zacks Investment Research downgraded Teradyne from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. Needham & Company LLC decreased their price target on Teradyne to $45.00 and set a “positive” rating for the company in a research note on Thursday, April 26th. Finally, Credit Suisse Group decreased their price target on Teradyne from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, April 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Teradyne presently has a consensus rating of “Hold” and a consensus target price of $47.15.

Shares of Teradyne opened at $37.39 on Monday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.51 and a quick ratio of 5.17. Teradyne has a 52 week low of $29.68 and a 52 week high of $50.68. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.45 and a beta of 1.17.

Teradyne (NYSE:TER) last issued its earnings results on Tuesday, April 24th. The semiconductor company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. Teradyne had a return on equity of 23.45% and a net margin of 11.97%. The company had revenue of $487.00 million during the quarter, compared to the consensus estimate of $478.77 million. During the same period in the previous year, the firm posted $0.61 earnings per share. Teradyne’s quarterly revenue was up 6.6% compared to the same quarter last year. analysts predict that Teradyne will post 1.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. Teradyne’s dividend payout ratio (DPR) is presently 15.38%.

Teradyne announced that its board has authorized a share buyback plan on Wednesday, January 24th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

About Teradyne

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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