Teradyne, Inc. (NASDAQ:TER) Stock Position Trimmed by Assetmark Inc.

Assetmark Inc. cut its position in Teradyne, Inc. (NASDAQ:TERFree Report) by 96.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 924 shares of the company’s stock after selling 23,616 shares during the quarter. Assetmark Inc.’s holdings in Teradyne were worth $124,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TER. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne during the 2nd quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter worth about $29,000. Rothschild Investment LLC acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $33,000. Quarry LP grew its stake in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its stake in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

TER stock opened at $102.58 on Monday. The stock has a market cap of $16.71 billion, a P/E ratio of 32.57, a P/E/G ratio of 2.22 and a beta of 1.52. The firm has a 50 day simple moving average of $122.33 and a 200 day simple moving average of $132.25. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21.

Teradyne (NASDAQ:TERGet Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. Sell-side analysts predict that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne announced that its Board of Directors has authorized a share buyback program on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Insider Buying and Selling at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the sale, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. The trade was a 3.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard John Burns sold 789 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,352 shares of company stock worth $1,899,353 over the last ninety days. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TER. Northland Securities lowered their price objective on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Citigroup lowered their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Craig Hallum dropped their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Susquehanna lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $142.62.

Read Our Latest Stock Report on TER

Teradyne Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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