Hennion & Walsh Asset Management Inc. Trims Holdings in Teradyne, Inc. (NASDAQ:TER)

Hennion & Walsh Asset Management Inc. reduced its position in Teradyne, Inc. (NASDAQ:TER) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,077 shares of the company’s stock after selling 131 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Teradyne were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KRS Capital Management LLC purchased a new position in Teradyne in the 1st quarter worth approximately $223,000. Register Financial Advisors LLC purchased a new position in shares of Teradyne in the first quarter worth $113,000. Capital Asset Advisory Services LLC boosted its position in shares of Teradyne by 4.7% during the first quarter. Capital Asset Advisory Services LLC now owns 3,892 shares of the company’s stock worth $418,000 after acquiring an additional 176 shares during the last quarter. Thrive Wealth Management LLC grew its stake in Teradyne by 7.7% during the first quarter. Thrive Wealth Management LLC now owns 2,567 shares of the company’s stock valued at $290,000 after acquiring an additional 184 shares in the last quarter. Finally, Bouvel Investment Partners LLC increased its holdings in Teradyne by 0.5% in the 1st quarter. Bouvel Investment Partners LLC now owns 22,779 shares of the company’s stock valued at $2,570,000 after acquiring an additional 112 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Up 1.4 %

Shares of TER opened at $151.70 on Thursday. The firm has a market capitalization of $23.68 billion, a P/E ratio of 57.68, a P/E/G ratio of 2.80 and a beta of 1.50. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $152.67. The firm has a fifty day moving average price of $137.09 and a 200-day moving average price of $116.14.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same period in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts predict that Teradyne, Inc. will post 3.04 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio is 18.25%.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares in the company, valued at approximately $2,077,610.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,005 shares of company stock worth $1,304,763. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of research analyst reports. Susquehanna raised their price objective on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, April 26th. UBS Group raised their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. The Goldman Sachs Group upped their price objective on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.85.

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.