B. Riley Wealth Advisors Inc. Trims Stock Position in Teradyne, Inc. (NASDAQ:TER)

B. Riley Wealth Advisors Inc. lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 56.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,875 shares of the company’s stock after selling 2,473 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Teradyne were worth $278,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in Teradyne in the second quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at $33,000. Quarry LP boosted its holdings in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares in the last quarter. Tortoise Investment Management LLC grew its position in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after buying an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Northland Securities dropped their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a report on Friday, August 16th. Robert W. Baird upped their target price on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. StockNews.com lowered Teradyne from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, KeyCorp increased their price objective on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $141.50.

Teradyne Price Performance

TER stock opened at $129.40 on Wednesday. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21. The firm has a market capitalization of $21.12 billion, a PE ratio of 49.20, a price-to-earnings-growth ratio of 2.67 and a beta of 1.49. The business has a 50 day simple moving average of $128.70 and a 200-day simple moving average of $130.47.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. During the same period in the prior year, the business earned $0.79 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts expect that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,977 shares of company stock worth $1,979,834 in the last 90 days. Insiders own 0.36% of the company’s stock.

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.