Axxcess Wealth Management LLC Has $1.40 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Axxcess Wealth Management LLC cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,413 shares of the company’s stock after selling 381 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Teradyne were worth $1,396,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Private Advisor Group LLC boosted its stake in shares of Teradyne by 30.5% during the fourth quarter. Private Advisor Group LLC now owns 3,575 shares of the company’s stock valued at $388,000 after purchasing an additional 835 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Teradyne during the fourth quarter valued at about $97,000. Financial Advocates Investment Management acquired a new stake in shares of Teradyne during the fourth quarter valued at about $253,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Teradyne by 78.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 85,226 shares of the company’s stock valued at $86,000 after purchasing an additional 37,526 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Teradyne during the fourth quarter valued at about $188,873,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of Teradyne stock opened at $127.86 on Thursday. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The stock has a 50 day moving average price of $132.73 and a two-hundred day moving average price of $127.98. The stock has a market capitalization of $20.86 billion, a PE ratio of 48.62, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. During the same quarter last year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts forecast that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.38%. Teradyne’s payout ratio is 18.25%.

Insider Activity at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. The disclosure for this sale can be found here. Insiders have sold a total of 10,483 shares of company stock valued at $1,383,031 over the last 90 days. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. UBS Group raised their price objective on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Stifel Nicolaus raised their price objective on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group raised their price objective on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Northland Securities lowered their price objective on Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $141.50.

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.