Crossmark Global Holdings Inc. Has $663,000 Position in Teradyne, Inc. (NASDAQ:TER)

Crossmark Global Holdings Inc. decreased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,951 shares of the company’s stock after selling 794 shares during the period. Crossmark Global Holdings Inc.’s holdings in Teradyne were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TER. Ashton Thomas Private Wealth LLC bought a new position in shares of Teradyne in the second quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in Teradyne in the third quarter valued at approximately $29,000. Rothschild Investment LLC bought a new stake in shares of Teradyne during the second quarter worth $33,000. Quarry LP increased its holdings in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $102.58 on Friday. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The business’s 50-day moving average is $122.33 and its 200-day moving average is $132.01. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 2.31 and a beta of 1.52.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share. Analysts anticipate that Teradyne, Inc. will post 3.15 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne declared that its board has initiated a share repurchase plan on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TER. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Evercore ISI raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Northland Securities reduced their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research note on Friday, August 16th. Finally, Susquehanna lifted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and an average price target of $142.62.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 789 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The trade was a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,352 shares of company stock valued at $1,899,353 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Teradyne 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.