EverSource Wealth Advisors LLC Sells 763 Shares of Teradyne, Inc. (NASDAQ:TER)

EverSource Wealth Advisors LLC cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,793 shares of the company’s stock after selling 763 shares during the period. EverSource Wealth Advisors LLC’s holdings in Teradyne were worth $352,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. State Street Corp boosted its holdings in Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares during the period. Van ECK Associates Corp lifted its stake in shares of Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after buying an additional 1,846,079 shares during the period. Geode Capital Management LLC grew its position in Teradyne by 5.5% during the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after buying an additional 209,868 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after acquiring an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Teradyne by 7.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after acquiring an additional 157,838 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent research reports. Cantor Fitzgerald decreased their price objective on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Susquehanna reduced their price objective on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday. Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Vertical Research assumed coverage on shares of Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Teradyne Stock Performance

Shares of TER stock opened at $86.74 on Friday. Teradyne, Inc. has a 52 week low of $82.98 and a 52 week high of $163.21. The stock has a market capitalization of $14.03 billion, a PE ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46. The stock’s fifty day moving average is $117.60 and its 200-day moving average is $120.28.

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%. As a group, analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Teradyne’s payout ratio is 14.41%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on 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 sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard John Burns sold 445 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now directly owns 25,191 shares in the company, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 over the last 90 days. 0.36% of the stock is owned by insiders.

Teradyne 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.