Lazard Asset Management LLC Has $56.42 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Lazard Asset Management LLC lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,075 shares of the company’s stock after selling 18,947 shares during the quarter. Lazard Asset Management LLC owned about 0.32% of Teradyne worth $56,423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LRI Investments LLC acquired a new position in Teradyne during the first quarter worth about $309,000. Axxcess Wealth Management LLC raised its stake in Teradyne by 4.2% during the first quarter. Axxcess Wealth Management LLC now owns 9,794 shares of the company’s stock worth $1,105,000 after acquiring an additional 396 shares in the last quarter. Ossiam raised its stake in Teradyne by 13,540.0% during the first quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after acquiring an additional 416,898 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Teradyne by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock worth $37,887,000 after acquiring an additional 50,156 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC acquired a new position in Teradyne during the first quarter worth about $17,376,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TER shares. JPMorgan Chase & Co. boosted their target price on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a research note on Friday. Robert W. Baird raised their price objective on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Citigroup reduced their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group raised their price target on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus target price of $141.50.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the sale, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,005 shares of company stock worth $1,304,763. 0.36% of the stock is owned by corporate insiders.

Teradyne Price Performance

Shares of Teradyne stock traded up $2.12 during midday trading on Friday, reaching $126.46. The company had a trading volume of 2,617,182 shares, compared to its average volume of 2,027,493. The stock has a fifty day moving average price of $146.83 and a 200 day moving average price of $121.35. The firm has a market cap of $19.74 billion, a PE ratio of 48.08, a P/E/G ratio of 2.37 and a beta of 1.50. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.08 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced 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 of this dividend was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. Teradyne’s payout ratio is currently 18.25%.

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.