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

Avantax Advisory Services Inc. boosted its stake in Teradyne, Inc. (NASDAQ:TERGet 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:TERGet 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

(Get Rating)

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.

Read More

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.