West Coast Financial LLC Reduces Holdings in Teradyne, Inc. (NASDAQ:TER)

West Coast Financial LLC reduced its position in Teradyne, Inc. (NASDAQ:TER) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,329 shares of the company’s stock after selling 140 shares during the period. West Coast Financial LLC’s holdings in Teradyne were worth $545,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TER. Ashton Thomas Private Wealth LLC purchased a new stake in Teradyne in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Teradyne in the 3rd quarter valued at $29,000. Quarry LP boosted its stake in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the period. Coastline Trust Co purchased a new position in Teradyne during the 3rd quarter worth $46,000. Finally, Brooklyn Investment Group acquired a new position in Teradyne in the third quarter valued at $52,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were 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. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

Teradyne Trading Up 2.2 %

TER stock opened at $137.96 on Thursday. The company’s 50-day moving average price is $119.67 and its 200 day moving average price is $127.22. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The company has a market cap of $22.47 billion, a P/E ratio of 43.80, a P/E/G ratio of 2.23 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. On average, 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 stock buyback program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Teradyne Dividend Announcement

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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TER. Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $117.00 to $154.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Craig Hallum decreased their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Evercore ISI lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Three equities research 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.33.

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.