Teradyne, Inc. (NASDAQ:TER) Shares Sold by Heritage Family Offices LLP

Heritage Family Offices LLP trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 31.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,407 shares of the company’s stock after selling 1,130 shares during the quarter. Heritage Family Offices LLP’s holdings in Teradyne were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. raised its position in Teradyne by 10.2% during the 3rd quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after buying an additional 88 shares during the last quarter. Wealth Alliance raised its stake in shares of Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock valued at $451,000 after buying an additional 98 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after buying an additional 103 shares during the period. Thrivent Financial for Lutherans grew its holdings in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after acquiring an additional 104 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

Teradyne stock opened at $134.93 on Thursday. The stock has a market cap of $21.97 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.46. The firm has a 50 day simple moving average of $119.67 and a 200-day simple moving average of $127.22. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS. Equities analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.36%. Teradyne’s payout ratio is presently 15.24%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus reduced their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Evercore ISI boosted their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $150.33.

Teradyne Company 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.