Commonwealth Equity Services LLC Raises Position in Teradyne, Inc. (NASDAQ:TER)

Commonwealth Equity Services LLC increased its holdings in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,473 shares of the company’s stock after purchasing an additional 933 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Teradyne were worth $1,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TER. Ronald Blue Trust Inc. increased its position in shares of Teradyne by 264.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 448 shares of the company’s stock valued at $34,000 after acquiring an additional 325 shares during the period. CI Investments Inc. lifted its stake in shares of Teradyne by 52.1% in the third quarter. CI Investments Inc. now owns 537 shares of the company’s stock worth $40,000 after buying an additional 184 shares in the last quarter. Edge Capital Group LLC purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $42,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Teradyne by 47.5% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 590 shares of the company’s stock valued at $44,000 after purchasing an additional 190 shares during the last quarter. Finally, Tobam purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Teradyne Stock Down 1.5 %

Shares of NASDAQ TER opened at $97.10 on Friday. The firm has a 50-day simple moving average of $98.13 and a 200-day simple moving average of $99.35. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 4.75 and a beta of 1.54. Teradyne, Inc. has a 52 week low of $67.81 and a 52 week high of $112.06.

Teradyne (NASDAQ:TER – Get Rating) last issued its earnings results on Wednesday, April 26th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. The business had revenue of $617.53 million during the quarter, compared to analysts’ expectations of $603.03 million. Teradyne had a net margin of 21.12% and a return on equity of 26.88%. The company’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. As a group, equities research analysts expect that Teradyne, Inc. will post 2.76 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Wednesday, May 24th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Tuesday, May 23rd. Teradyne’s payout ratio is currently 11.58%.

Insider Buying and Selling

In other Teradyne news, insider Richard John Burns sold 1,093 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $90.95, for a total transaction of $99,408.35. Following the completion of the transaction, the insider now owns 17,168 shares of the company’s stock, valued at $1,561,429.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Teradyne news, Director Mercedes Johnson sold 750 shares of the stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $100.00, for a total transaction of $75,000.00. Following the completion of the transaction, the director now owns 17,487 shares of the company’s stock, valued at $1,748,700. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard John Burns sold 1,093 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $90.95, for a total transaction of $99,408.35. Following the completion of the transaction, the insider now directly owns 17,168 shares of the company’s stock, valued at approximately $1,561,429.60. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TER has been the subject of several research reports. Northland Securities decreased their price objective on shares of Teradyne from $97.00 to $87.00 in a report on Friday, April 28th. TheStreet cut shares of Teradyne from a “b-” rating to a “c+” rating in a report on Monday, May 8th. JPMorgan Chase & Co. cut shares of Teradyne from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $90.00 to $81.00 in a report on Monday, April 17th. Citigroup upped their target price on shares of Teradyne from $112.00 to $125.00 and gave the company a “buy” rating in a report on Sunday, February 5th. Finally, KeyCorp upped their target price on shares of Teradyne from $110.00 to $117.00 and gave the company an “overweight” rating in a report on Friday, March 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $95.65.

Teradyne Company Profile

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