Teradyne, Inc. (NASDAQ:TER) Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,248 shares of the company’s stock after selling 153 shares during the period. Truvestments Capital LLC’s holdings in Teradyne were worth $283,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TER. Compass Financial Services Inc acquired a new position in Teradyne in the 4th quarter valued at $33,000. Manchester Capital Management LLC raised its holdings in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares during the last quarter. Coastline Trust Co acquired a new position in Teradyne in the 3rd quarter valued at $46,000. Brooklyn Investment Group acquired a new position in Teradyne in the 3rd quarter valued at $52,000. Finally, Quarry LP raised its holdings in Teradyne by 91.9% in the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock valued at $60,000 after acquiring an additional 216 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TER has been the subject of several analyst reports. Bank of America cut their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Finally, KeyCorp lowered their price objective on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $125.13.

Teradyne Trading Down 0.4 %

Shares of Teradyne stock opened at $86.74 on Thursday. The company has a fifty day moving average price of $119.30 and a 200 day moving average price of $120.95. Teradyne, Inc. has a twelve month low of $82.98 and a twelve month high of $163.21. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

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 analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company 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. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Teradyne’s payout ratio is currently 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at $439,824. This represents a 9.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 407 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 in the last ninety days. Insiders own 0.36% of the company’s stock.

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.