Calamos Advisors LLC Trims Stake in Teradyne, Inc. (NASDAQ:TER)

Calamos Advisors LLC reduced its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 99.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,871 shares of the company’s stock after selling 15,001,435 shares during the period. Calamos Advisors LLC owned about 0.07% of Teradyne worth $11,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TER. Vanguard Group Inc. boosted its position in shares of Teradyne by 0.9% in the first quarter. Vanguard Group Inc. now owns 18,128,206 shares of the company’s stock worth $2,143,298,000 after purchasing an additional 154,445 shares during the period. BlackRock Inc. boosted its position in shares of Teradyne by 1.7% in the first quarter. BlackRock Inc. now owns 13,566,844 shares of the company’s stock worth $1,458,571,000 after purchasing an additional 229,924 shares during the period. FMR LLC boosted its position in shares of Teradyne by 3.9% in the third quarter. FMR LLC now owns 11,533,715 shares of the company’s stock worth $1,158,677,000 after purchasing an additional 437,054 shares during the period. State Street Corp boosted its position in shares of Teradyne by 2.1% in the first quarter. State Street Corp now owns 6,423,963 shares of the company’s stock worth $690,640,000 after purchasing an additional 131,204 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Teradyne by 2.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock worth $445,254,000 after purchasing an additional 106,848 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TER has been the subject of a number of recent analyst reports. Evercore ISI initiated coverage on shares of Teradyne in a research report on Tuesday. They issued an “outperform” rating and a $130.00 price target for the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $113.73.

Insider Buying and Selling at Teradyne

In other news, insider Richard John Burns sold 317 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $112.68, for a total value of $35,719.56. Following the sale, the insider now owns 20,300 shares of the company’s stock, valued at $2,287,404. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Ernest E. Maddock bought 1,000 shares of Teradyne stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $94.07 per share, with a total value of $94,070.00. Following the completion of the purchase, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 317 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 20,300 shares in the company, valued at approximately $2,287,404. The disclosure for this sale can be found here. Insiders sold 11,797 shares of company stock worth $1,248,237 over the last 90 days. 0.36% of the stock is owned by insiders.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $95.97 on Friday. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $119.20. The firm has a fifty day moving average price of $105.36 and a 200 day moving average price of $100.37. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 35.15 and a beta of 1.56.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, beating 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 business had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. During the same quarter last year, the business earned $0.92 earnings per share. Teradyne’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, research analysts predict that Teradyne, Inc. will post 2.82 earnings per share for the current year.

Teradyne Increases Dividend

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

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.