Edgestream Partners L.P. Sells 24,951 Shares of Teradyne, Inc. (NASDAQ:TER)

Edgestream Partners L.P. cut its stake in Teradyne, Inc. (NASDAQ:TER) by 67.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,911 shares of the company’s stock after selling 24,951 shares during the period. Edgestream Partners L.P.’s holdings in Teradyne were worth $1,500,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TER. Capital Performance Advisors LLP acquired a new position in shares of Teradyne in the 3rd quarter valued at $29,000. Bridges Investment Management Inc. acquired a new position in shares of Teradyne in the 3rd quarter valued at $212,000. State of New Jersey Common Pension Fund D raised its stake in shares of Teradyne by 1.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 55,794 shares of the company’s stock valued at $7,472,000 after buying an additional 1,036 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Teradyne by 33.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,275 shares of the company’s stock valued at $439,000 after buying an additional 823 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in shares of Teradyne by 7.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,362 shares of the company’s stock valued at $316,000 after buying an additional 159 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TER. Northland Securities dropped their price objective on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. UBS Group dropped their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Susquehanna increased their price objective on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Vertical Research started coverage on shares of Teradyne in a research report on Friday. They set a “buy” rating and a $135.00 target price for the company. Finally, Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $143.14.

Teradyne Trading Down 3.3 %

TER opened at $104.97 on Tuesday. The stock has a market capitalization of $16.98 billion, a PE ratio of 31.52, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21. The firm has a 50-day moving average price of $120.87 and a two-hundred day moving average price of $121.53.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

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

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, February 14th. Teradyne’s payout ratio is presently 14.41%.

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.