Teradyne, Inc. (NASDAQ:TER) Stake Cut by Covestor Ltd

Covestor Ltd lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 31.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 802 shares of the company’s stock after selling 363 shares during the quarter. Covestor Ltd’s holdings in Teradyne were worth $108,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Teradyne by 0.7% during the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after purchasing an additional 135,286 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Teradyne by 1.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Teradyne by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after buying an additional 183,721 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Teradyne by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock valued at $299,073,000 after buying an additional 47,157 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Teradyne by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 861,030 shares of the company’s stock worth $127,684,000 after buying an additional 15,907 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In related news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the transaction, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,352 shares of company stock worth $1,899,353. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TER. Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Susquehanna boosted their price target on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Northland Securities reduced their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Teradyne presently has an average rating of “Hold” and a consensus price target of $142.62.

Teradyne Stock Down 0.4 %

TER stock opened at $108.33 on Wednesday. Teradyne, Inc. has a twelve month low of $85.75 and a twelve month high of $163.21. The company has a market cap of $17.64 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 2.41 and a beta of 1.52. The business’s 50-day simple moving average is $123.83 and its 200 day simple moving average is $132.52.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.15 EPS for the current year.

Teradyne declared that its Board of Directors has approved a stock repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. Teradyne’s payout ratio is 15.24%.

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.