Teradyne, Inc. (NASDAQ:TER) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,505 shares of the company’s stock after selling 541 shares during the period. Park Avenue Securities LLC’s holdings in Teradyne were worth $263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bartlett & Co. LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth $26,000. Clear Street Markets LLC boosted its position in Teradyne by 401.5% during the 2nd quarter. Clear Street Markets LLC now owns 336 shares of the company’s stock worth $30,000 after purchasing an additional 269 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in Teradyne by 700.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 400 shares of the company’s stock worth $36,000 after purchasing an additional 350 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Teradyne during the 3rd quarter worth $37,000. Finally, Larson Financial Group LLC purchased a new stake in Teradyne during the 2nd quarter worth $38,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Teradyne news, CEO Mark E. Jagiela sold 67,631 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $87.60, for a total value of $5,924,475.60. Following the sale, the chief executive officer now owns 167,104 shares in the company, valued at $14,638,310.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on TER. Northland Securities decreased their price target on shares of Teradyne from $85.00 to $74.00 and set a “market perform” rating for the company in a research report on Monday, October 17th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Teradyne from $95.00 to $85.00 and set a “hold” rating for the company in a research report on Thursday, October 13th. The Goldman Sachs Group decreased their price target on shares of Teradyne from $106.00 to $93.00 and set a “neutral” rating for the company in a research report on Thursday, October 27th. JPMorgan Chase & Co. decreased their price objective on shares of Teradyne from $105.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, October 12th. Finally, Cowen decreased their price objective on shares of Teradyne to $110.00 in a research report on Thursday, October 27th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $96.20.

Teradyne Price Performance

TER opened at $103.50 on Tuesday. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 5.98 and a beta of 1.52. Teradyne, Inc. has a fifty-two week low of $67.81 and a fifty-two week high of $147.94. The company’s 50-day moving average price is $91.65 and its 200 day moving average price is $87.95. The company has a quick ratio of 2.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.02.

Teradyne (NASDAQ:TER – Get Rating) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.11. The firm had revenue of $827.07 million for the quarter, compared to analyst estimates of $800.20 million. Teradyne had a net margin of 23.38% and a return on equity of 33.39%. Teradyne’s quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 earnings per share. As a group, sell-side analysts expect that Teradyne, Inc. will post 4.07 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently disclosed 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 0.43%. Teradyne’s dividend payout ratio (DPR) is 9.84%.

Teradyne Company Profile

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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.