Crossmark Global Holdings Inc. Sells 794 Shares of Teradyne, Inc. (NASDAQ:TER)

Crossmark Global Holdings Inc. decreased its position in Teradyne, Inc. (NASDAQ:TER) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,951 shares of the company’s stock after selling 794 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Teradyne were worth $663,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC lifted its holdings in Teradyne by 1.1% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock worth $1,074,000 after acquiring an additional 79 shares during the period. Blair William & Co. IL increased its position in shares of Teradyne by 0.6% during the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after purchasing an additional 83 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after purchasing an additional 88 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Teradyne by 17.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after buying an additional 96 shares during the last quarter. Finally, Wealth Alliance grew its position in Teradyne by 3.3% during the second quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after buying an additional 98 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 3.7 %

TER stock opened at $102.58 on Friday. The firm has a 50 day moving average of $122.33 and a 200-day moving average of $132.01. The firm has a market capitalization of $16.71 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same period in the previous year, the business earned $0.80 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts predict that Teradyne, Inc. will post 3.15 EPS for the current year.

Teradyne announced that its Board of Directors has initiated a share buyback plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.47%. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Insider Transactions at Teradyne

In related news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. This trade represents a 14.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at $10,896,080. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,352 shares of company stock valued at $1,899,353. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TER has been the topic of several research reports. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Citigroup dropped their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Susquehanna raised their target price on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus price target of $142.62.

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.