Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,026 shares of the company’s stock after buying an additional 353 shares during the period. Crestwood Advisors Group LLC’s holdings in Teradyne were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TCW Group Inc. acquired a new position in Teradyne during the fourth quarter valued at approximately $1,348,000. Allianz Asset Management GmbH lifted its position in Teradyne by 2.6% during the fourth quarter. Allianz Asset Management GmbH now owns 323,486 shares of the company’s stock valued at $40,733,000 after buying an additional 8,073 shares in the last quarter. ING Groep NV lifted its position in Teradyne by 197.4% during the fourth quarter. ING Groep NV now owns 170,801 shares of the company’s stock valued at $21,507,000 after buying an additional 113,378 shares in the last quarter. Private Wealth Partners LLC acquired a new position in Teradyne during the fourth quarter valued at approximately $233,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Teradyne during the fourth quarter worth $1,435,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradyne

In other news, insider Richard John Burns sold 445 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 over the last 90 days. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the topic of a number of recent research reports. Susquehanna boosted their target price on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 target price on shares of Teradyne in a research report on Thursday, January 30th. Northland Securities reduced their target price on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, UBS Group reduced their target price on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Price Performance

TER stock opened at $114.81 on Thursday. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21. The firm has a fifty day moving average price of $124.16 and a two-hundred day moving average price of $122.86. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.83 and a beta of 1.45.

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

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

Teradyne Announces Dividend

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

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.