Teradyne, Inc. (NASDAQ:TER) Shares Sold by Affinity Wealth Management LLC

Affinity Wealth Management LLC cut its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,467 shares of the company’s stock after selling 403 shares during the quarter. Teradyne accounts for 0.9% of Affinity Wealth Management LLC’s portfolio, making the stock its 26th largest holding. Affinity Wealth Management LLC’s holdings in Teradyne were worth $5,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in shares of Teradyne in the 3rd quarter valued at $29,000. Quarry LP lifted its position in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Coastline Trust Co acquired a new position in Teradyne in the 3rd quarter worth approximately $46,000. Brooklyn Investment Group acquired a new stake in Teradyne during the 3rd quarter valued at $52,000. Finally, Eastern Bank acquired a new stake in shares of Teradyne in the third quarter worth $67,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TER shares. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Evercore ISI upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $117.00 to $154.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Finally, Stifel Nicolaus cut their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.31.

Teradyne Trading Down 1.4 %

TER opened at $129.92 on Friday. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21. The business has a 50 day moving average of $123.95 and a 200-day moving average of $126.46. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 41.24, a P/E/G ratio of 2.25 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data 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 business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne announced that its Board of Directors has approved a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were issued a $0.12 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s dividend payout ratio (DPR) 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.