Teradyne, Inc. (NASDAQ:TER) Shares Sold by GTS Securities LLC

GTS Securities LLC lowered its stake in Teradyne, Inc. (NASDAQ:TER) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,030 shares of the company’s stock after selling 4,079 shares during the quarter. GTS Securities LLC’s holdings in Teradyne were worth $2,774,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Teradyne by 28.4% during the fourth quarter. UMB Bank n.a. now owns 701 shares of the company’s stock worth $88,000 after buying an additional 155 shares during the period. Dakota Wealth Management lifted its stake in Teradyne by 3.1% during the 4th quarter. Dakota Wealth Management now owns 5,355 shares of the company’s stock worth $674,000 after acquiring an additional 160 shares in the last quarter. SG Americas Securities LLC lifted its stake in Teradyne by 988.2% during the 4th quarter. SG Americas Securities LLC now owns 123,839 shares of the company’s stock worth $15,594,000 after acquiring an additional 112,459 shares in the last quarter. Inspire Investing LLC boosted its holdings in Teradyne by 26.6% during the 4th quarter. Inspire Investing LLC now owns 21,496 shares of the company’s stock valued at $2,707,000 after acquiring an additional 4,518 shares during the period. Finally, Galvin Gaustad & Stein LLC acquired a new position in Teradyne in the 4th quarter valued at about $302,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

Teradyne stock opened at $78.49 on Friday. The stock has a market cap of $12.59 billion, a PE ratio of 23.57, a P/E/G ratio of 2.83 and a beta of 1.70. The stock’s fifty day moving average is $78.40 and its two-hundred day moving average is $103.62. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.14. The business had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. On average, research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne declared that its board has approved a share buyback plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.61%. Teradyne’s dividend payout ratio is presently 13.56%.

Analyst Ratings Changes

Several analysts have recently issued reports on TER shares. Bank of America reduced their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Vertical Research began coverage on shares of Teradyne in a research note on Friday, March 7th. They set a “buy” rating and a $135.00 target price on the stock. Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Stifel Nicolaus dropped their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, March 12th. Finally, UBS Group set a $130.00 price objective on Teradyne and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $117.56.

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.