Allworth Financial LP Trims Stake in Teradyne, Inc. (NASDAQ:TER)

Allworth Financial LP lessened its holdings in Teradyne, Inc. (NASDAQ:TER) by 27.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 584 shares of the company’s stock after selling 218 shares during the period. Allworth Financial LP’s holdings in Teradyne were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TER. State Street Corp lifted its stake in Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after purchasing an additional 209,868 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Teradyne by 16.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after purchasing an additional 393,175 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Teradyne by 7.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,390,896 shares of the company’s stock valued at $302,582,000 after purchasing an additional 157,838 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TER has been the subject of several research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price target on shares of Teradyne in a research note on Thursday, January 30th. Morgan Stanley lowered Teradyne from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. Susquehanna lifted their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. KeyCorp cut their target price on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group decreased their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Price Performance

NASDAQ TER opened at $113.58 on Tuesday. The firm’s fifty day moving average price is $124.67 and its 200 day moving average price is $122.99. Teradyne, Inc. has a 12 month low of $95.80 and a 12 month high of $163.21. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Teradyne declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Teradyne

In related news, insider Richard John Burns sold 407 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the transaction, the insider now owns 20,764 shares in the company, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Ryan Driscoll sold 437 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $439,824. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by insiders.

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.