Teradyne, Inc. (NASDAQ:TER) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC decreased its stake in Teradyne, Inc. (NASDAQ:TER) by 17.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,301 shares of the company’s stock after selling 1,094 shares during the quarter. Everpar Advisors LLC’s holdings in Teradyne were worth $668,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. State Street Corp lifted its position in Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after acquiring an additional 350,002 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after purchasing an additional 209,868 shares during the period. Van ECK Associates Corp grew its holdings in Teradyne by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after purchasing an additional 183,721 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after buying an additional 374,522 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’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 transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TER. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Stifel Nicolaus cut their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Craig Hallum decreased their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Finally, Evercore ISI upped their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.33.

Teradyne Stock Up 2.0 %

Shares of NASDAQ TER opened at $137.57 on Friday. The firm’s 50-day moving average price is $120.70 and its two-hundred day moving average price is $127.34. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21. The stock has a market capitalization of $22.40 billion, a P/E ratio of 43.67, a P/E/G ratio of 2.23 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. As a group, equities research analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne declared that its Board of Directors has initiated a share buyback program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. Teradyne’s dividend payout ratio is currently 15.24%.

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.