Teradyne, Inc. (NASDAQ:TER) Position Reduced by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its position in Teradyne, Inc. (NASDAQ:TER) by 55.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,770 shares of the company’s stock after selling 2,183 shares during the period. Atria Wealth Solutions Inc.’s holdings in Teradyne were worth $223,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Teradyne in the 3rd quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Teradyne in the fourth quarter valued at $33,000. Manchester Capital Management LLC boosted its position in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the period. Coastline Trust Co purchased a new position in shares of Teradyne during the third quarter valued at $46,000. Finally, Brooklyn Investment Group purchased a new position in shares of Teradyne during the third quarter valued at $52,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares in the company, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

TER has been the subject of a number of research reports. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $121.00 to $117.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a research report on Thursday, January 30th. Finally, Susquehanna boosted their price target on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Trading Up 1.0 %

Shares of NASDAQ:TER opened at $109.86 on Friday. The stock has a market capitalization of $17.77 billion, a PE ratio of 32.99, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 1 year low of $95.80 and a 1 year high of $163.21. The firm has a fifty day moving average price of $123.51 and a 200 day moving average price of $122.64.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has initiated a stock repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Teradyne Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is 14.41%.

About Teradyne

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.