Teradyne, Inc. (NASDAQ:TER) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 99.3% in the fourth quarter, HoldingsChannel reports. The firm owned 109,871 shares of the company’s stock after selling 15,001,435 shares during the period. Calamos Advisors LLC’s holdings in Teradyne were worth $11,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new stake in Teradyne during the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Teradyne during the 3rd quarter valued at about $27,000. CVA Family Office LLC purchased a new stake in Teradyne during the 4th quarter valued at about $33,000. Venturi Wealth Management LLC purchased a new stake in Teradyne during the 3rd quarter valued at about $36,000. Finally, NBC Securities Inc. purchased a new stake in Teradyne during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 1,083 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $110.95, for a total value of $120,158.85. Following the transaction, the chief financial officer now directly owns 45,107 shares in the company, valued at approximately $5,004,621.65. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Richard John Burns sold 317 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $112.68, for a total transaction of $35,719.56. Following the sale, the insider now directly owns 20,300 shares of the company’s stock, valued at approximately $2,287,404. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 1,083 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total transaction of $120,158.85. Following the sale, the chief financial officer now directly owns 45,107 shares in the company, valued at $5,004,621.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,797 shares of company stock worth $1,248,237. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TER shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research note on Monday, March 4th. Evercore ISI initiated coverage on shares of Teradyne in a research note on Tuesday. They set an “outperform” rating and a $130.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $113.73.

Teradyne Stock Performance

Shares of TER stock opened at $95.97 on Friday. The firm’s 50 day moving average price is $105.36 and its 200-day moving average price is $100.37. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The firm has a market cap of $14.68 billion, a P/E ratio of 35.15 and a beta of 1.56.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The firm had revenue of $670.60 million for the quarter, compared to analyst estimates of $674.99 million. During the same period in the prior year, the business posted $0.92 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, research analysts predict that Teradyne, Inc. will post 2.82 EPS for the current fiscal year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 16th were issued a $0.12 dividend. This is a positive change from Teradyne’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, February 15th. Teradyne’s dividend payout ratio is currently 17.58%.

About Teradyne

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.