Sanctuary Advisors LLC Acquires 942 Shares of Teradyne, Inc. (NASDAQ:TER)

Sanctuary Advisors LLC grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,448 shares of the company’s stock after purchasing an additional 942 shares during the period. Sanctuary Advisors LLC’s holdings in Teradyne were worth $2,929,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TER. Creative Planning lifted its stake in Teradyne by 22.6% in the 3rd quarter. Creative Planning now owns 20,650 shares of the company’s stock valued at $2,766,000 after purchasing an additional 3,802 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Teradyne by 8.4% during the third quarter. Sequoia Financial Advisors LLC now owns 3,282 shares of the company’s stock worth $440,000 after buying an additional 254 shares in the last quarter. Eastern Bank bought a new position in shares of Teradyne in the 3rd quarter valued at $67,000. Hartford Investment Management Co. boosted its holdings in shares of Teradyne by 2.6% during the 3rd quarter. Hartford Investment Management Co. now owns 10,253 shares of the company’s stock valued at $1,373,000 after acquiring an additional 264 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Teradyne by 11,687.8% during the 3rd quarter. International Assets Investment Management LLC now owns 173,635 shares of the company’s stock worth $23,255,000 after acquiring an additional 172,162 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $115.91 on Friday. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a fifty-two week low of $95.80 and a fifty-two week high of $163.21. The stock has a fifty day moving average of $124.99 and a 200-day moving average of $122.99.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its Board of Directors has initiated a stock repurchase plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were 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 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 614 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the transaction, the chief financial officer now owns 30,446 shares in the company, valued at $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. KeyCorp cut their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. One investment 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. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

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.