Wealthcare Advisory Partners LLC Purchases 132 Shares of Teradyne, Inc. (NASDAQ:TER)

Wealthcare Advisory Partners LLC boosted its position in Teradyne, Inc. (NASDAQ:TER) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,577 shares of the company’s stock after purchasing an additional 132 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Teradyne were worth $324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Teradyne in the third quarter worth $29,000. Quarry LP lifted its stake in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the period. Coastline Trust Co purchased a new stake in Teradyne during the third quarter valued at $46,000. Brooklyn Investment Group bought a new stake in shares of Teradyne during the 3rd quarter valued at $52,000. Finally, Eastern Bank bought a new position in Teradyne in the 3rd quarter worth $67,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 4.4 %

TER opened at $132.30 on Wednesday. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 2.30 and a beta of 1.46. The stock has a fifty day moving average price of $121.85 and a 200-day moving average price of $126.85. Teradyne, Inc. has a 12 month low of $92.29 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same period in the prior year, the firm earned $0.80 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne Dividend Announcement

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

Teradyne declared that its board has approved a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TER shares. Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. Evercore ISI lifted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Morgan Stanley downgraded shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $121.00 to $117.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $145.00 to $158.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.77.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

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.