Teradyne, Inc. (NASDAQ:TER) Shares Sold by Advisor OS LLC

Advisor OS LLC decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 56.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,220 shares of the company’s stock after selling 4,186 shares during the quarter. Advisor OS LLC’s holdings in Teradyne were worth $405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ARK Investment Management LLC increased its position in shares of Teradyne by 25.5% during the fourth quarter. ARK Investment Management LLC now owns 1,923,010 shares of the company’s stock worth $242,145,000 after acquiring an additional 390,397 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Teradyne by 3.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 115,420 shares of the company’s stock valued at $14,534,000 after purchasing an additional 3,810 shares during the last quarter. Artemis Wealth Advisors LLC bought a new position in shares of Teradyne during the fourth quarter valued at approximately $1,259,000. Bank of New York Mellon Corp grew its holdings in shares of Teradyne by 13.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,482,750 shares of the company’s stock valued at $186,708,000 after purchasing an additional 176,043 shares during the last quarter. Finally, Crestwood Advisors Group LLC grew its holdings in shares of Teradyne by 21.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,026 shares of the company’s stock valued at $255,000 after purchasing an additional 353 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was 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 of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the sale, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on TER. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Northland Securities cut their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Susquehanna upped their target price on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. KeyCorp dropped their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Price Performance

Teradyne stock opened at $108.81 on Friday. The company has a market capitalization of $17.60 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The company’s fifty day moving average price is $123.83 and its two-hundred day moving average price is $122.76.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne announced that its board has authorized a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

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.