Boston Family Office LLC Has $5.30 Million Position in Teradyne, Inc. $TER

Boston Family Office LLC lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 16.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,979 shares of the company’s stock after selling 11,405 shares during the quarter. Boston Family Office LLC’s holdings in Teradyne were worth $5,303,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Claret Asset Management Corp bought a new stake in shares of Teradyne during the second quarter worth about $232,000. Edgestream Partners L.P. acquired a new position in Teradyne during the 2nd quarter valued at about $6,069,000. Icon Advisers Inc. Co. bought a new stake in Teradyne during the 2nd quarter worth approximately $6,393,000. New York State Common Retirement Fund raised its stake in shares of Teradyne by 2.8% in the second quarter. New York State Common Retirement Fund now owns 92,235 shares of the company’s stock worth $8,294,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Teradyne by 5.0% in the second quarter. Schroder Investment Management Group now owns 18,514 shares of the company’s stock worth $1,665,000 after purchasing an additional 886 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TER. Morgan Stanley upped their price target on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Citigroup upped their target price on shares of Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group increased their target price on shares of Teradyne from $130.00 to $148.00 and gave the company a “sell” rating in a report on Thursday, October 30th. Stifel Nicolaus boosted their price target on shares of Teradyne from $119.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.25.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total transaction of $199,661.60. Following the sale, the chief executive officer directly owned 94,517 shares in the company, valued at approximately $17,031,963.40. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 3,324 shares of company stock valued at $494,318 over the last 90 days. Insiders own 0.16% of the company’s stock.

Teradyne Price Performance

Shares of TER opened at $181.82 on Monday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $191.56. The stock’s fifty day moving average price is $155.93 and its two-hundred day moving average price is $118.52. The firm has a market cap of $28.47 billion, a PE ratio of 66.11, a PEG ratio of 3.64 and a beta of 1.90.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. During the same quarter last year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be paid a $0.12 dividend. The ex-dividend date is Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

About Teradyne

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.