Private Advisor Group LLC Cuts Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Private Advisor Group LLC decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TERGet Rating) by 14.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 9,994 shares of the company’s stock after selling 1,751 shares during the period. Private Advisor Group LLC’s holdings in Teradyne were worth $1,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TER. Raymond James Financial Services Advisors Inc. grew its position in shares of Teradyne by 8.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 20,237 shares of the company’s stock worth $3,309,000 after buying an additional 1,532 shares during the last quarter. UMB Bank N A MO purchased a new position in shares of Teradyne in the 4th quarter worth approximately $77,000. HighTower Advisors LLC grew its position in shares of Teradyne by 911.3% in the 4th quarter. HighTower Advisors LLC now owns 71,846 shares of the company’s stock worth $11,749,000 after buying an additional 64,742 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Teradyne in the 4th quarter worth approximately $827,000. Finally, Telemark Asset Management LLC grew its position in shares of Teradyne by 11.1% in the 4th quarter. Telemark Asset Management LLC now owns 200,000 shares of the company’s stock worth $32,706,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Teradyne Stock Performance

TER opened at $83.04 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.85 and a quick ratio of 2.48. The firm has a fifty day moving average price of $98.49 and a 200 day moving average price of $97.52. Teradyne, Inc. has a 1 year low of $80.41 and a 1 year high of $168.91. The stock has a market cap of $13.02 billion, a P/E ratio of 17.37, a P/E/G ratio of 4.91 and a beta of 1.54.

Teradyne (NASDAQ:TERGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07. Teradyne had a net margin of 24.67% and a return on equity of 36.06%. The firm had revenue of $840.77 million during the quarter, compared to analysts’ expectations of $822.60 million. Equities research analysts anticipate that Teradyne, Inc. will post 3.91 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Wednesday, August 31st will be given a $0.11 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.53%. Teradyne’s dividend payout ratio (DPR) is 9.21%.

Insider Transactions at Teradyne

In related news, CEO Mark E. Jagiela sold 37,857 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $100.20, for a total value of $3,793,271.40. Following the transaction, the chief executive officer now directly owns 234,735 shares of the company’s stock, valued at approximately $23,520,447. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mark E. Jagiela sold 37,857 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $100.20, for a total value of $3,793,271.40. Following the transaction, the chief executive officer now directly owns 234,735 shares of the company’s stock, valued at approximately $23,520,447. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brad Robbins sold 3,145 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $89.49, for a total transaction of $281,446.05. Following the completion of the transaction, the insider now directly owns 44,755 shares in the company, valued at $4,005,124.95. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TER shares. Bank of America downgraded shares of Teradyne from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $140.00 to $110.00 in a research report on Wednesday, June 29th. Craig Hallum cut shares of Teradyne from a “buy” rating to a “hold” rating and lowered their target price for the stock from $138.00 to $96.00 in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Teradyne from $100.00 to $95.00 in a research note on Thursday, July 28th. DA Davidson lowered their target price on shares of Teradyne from $145.00 to $120.00 in a research note on Thursday, July 28th. Finally, The Goldman Sachs Group lowered their target price on shares of Teradyne from $127.00 to $106.00 in a research note on Friday, July 15th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $124.55.

Teradyne Company Profile

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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