Capital Investment Counsel Inc Sells 100 Shares of Teradyne, Inc. (NASDAQ:TER)

Capital Investment Counsel Inc reduced its position in Teradyne, Inc. (NASDAQ:TER) by 0.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,428 shares of the company’s stock after selling 100 shares during the period. Teradyne accounts for about 0.6% of Capital Investment Counsel Inc’s portfolio, making the stock its 27th largest position. Capital Investment Counsel Inc’s holdings in Teradyne were worth $4,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mitchell & Pahl Private Wealth LLC raised its stake in Teradyne by 1.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after buying an additional 79 shares during the last quarter. Blair William & Co. IL boosted its stake in Teradyne by 0.6% in the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after purchasing an additional 83 shares in the last quarter. Whittier Trust Co. grew its position in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after purchasing an additional 88 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Teradyne by 17.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after purchasing an additional 96 shares during the last quarter. Finally, Wealth Alliance increased its stake in Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $124.43 on Thursday. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21. The firm’s fifty day moving average is $130.28 and its 200 day moving average is $131.90. The firm has a market cap of $20.30 billion, a PE ratio of 40.93, a P/E/G ratio of 2.57 and a beta of 1.49.

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

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is presently 15.79%.

Insider Transactions at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the transaction, the insider now directly owns 21,864 shares in the company, valued at $2,903,539.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock valued at $1,979,834 in the last three months. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Susquehanna lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. KeyCorp lifted their price target on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. increased their price objective on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a report on Friday, July 26th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.57.

Teradyne 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.