Avantax Advisory Services Inc. Grows Stock Position in Teradyne, Inc. (NASDAQ:TER)

Avantax Advisory Services Inc. boosted its stake in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,917 shares of the company’s stock after acquiring an additional 1,090 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Teradyne were worth $670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TER. Van ECK Associates Corp boosted its holdings in Teradyne by 36.5% in the 2nd quarter. Van ECK Associates Corp now owns 2,665,014 shares of the company’s stock worth $238,652,000 after acquiring an additional 713,243 shares during the period. Nordea Investment Management AB boosted its holdings in Teradyne by 25.9% in the 3rd quarter. Nordea Investment Management AB now owns 2,795,487 shares of the company’s stock worth $211,366,000 after acquiring an additional 575,165 shares during the period. Deutsche Bank AG boosted its stake in shares of Teradyne by 66.2% during the 2nd quarter. Deutsche Bank AG now owns 790,601 shares of the company’s stock valued at $70,798,000 after buying an additional 314,816 shares during the last quarter. Robeco Schweiz AG boosted its stake in shares of Teradyne by 69.1% during the 1st quarter. Robeco Schweiz AG now owns 752,600 shares of the company’s stock valued at $88,980,000 after buying an additional 307,600 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Teradyne by 76.4% during the 2nd quarter. Renaissance Technologies LLC now owns 694,791 shares of the company’s stock valued at $62,219,000 after buying an additional 300,891 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Insider Activity at Teradyne

In related news, CEO Mark E. Jagiela sold 67,631 shares of the firm’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $87.60, for a total transaction of $5,924,475.60. Following the completion of the transaction, the chief executive officer now owns 167,104 shares of the company’s stock, valued at $14,638,310.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TER. The Goldman Sachs Group reduced their target price on Teradyne from $106.00 to $93.00 and set a “neutral” rating for the company in a research note on Thursday, October 27th. Morgan Stanley reduced their target price on Teradyne from $116.00 to $92.00 and set an “equal weight” rating for the company in a research note on Thursday, October 27th. Jefferies Financial Group began coverage on Teradyne in a research note on Thursday, January 12th. They set a “buy” rating for the company. Northland Securities reduced their target price on Teradyne from $85.00 to $74.00 and set a “market perform” rating for the company in a research note on Monday, October 17th. Finally, TheStreet lowered Teradyne from a “b-” rating to a “c+” rating in a research report on Thursday, October 13th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $96.20.

Teradyne Price Performance

Shares of TER opened at $97.53 on Monday. The firm has a market capitalization of $15.19 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 5.98 and a beta of 1.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.59 and a current ratio of 3.03. Teradyne, Inc. has a one year low of $67.81 and a one year high of $148.66. The stock’s fifty day moving average is $91.65 and its 200-day moving average is $88.03.

Teradyne (NASDAQ:TER – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. The company had revenue of $827.07 million for the quarter, compared to analyst estimates of $800.20 million. Teradyne had a return on equity of 33.39% and a net margin of 23.38%. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the company earned $1.59 earnings per share. Equities analysts anticipate that Teradyne, Inc. will post 4.07 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Monday, November 28th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 25th. This represents a $0.44 annualized dividend and a yield of 0.45%. Teradyne’s dividend payout ratio is currently 9.84%.

About Teradyne

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Teradyne, Inc engages in the development and sale of automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, Wireless Test, and Corporate and Other. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.