Wealth Alliance Lowers Position in Teradyne, Inc. (NASDAQ:TER)

Wealth Alliance cut its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 32.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,122 shares of the company’s stock after selling 1,037 shares during the period. Wealth Alliance’s holdings in Teradyne were worth $267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in shares of Teradyne in the third quarter valued at about $29,000. Compass Financial Services Inc purchased a new position in shares of Teradyne in the fourth quarter valued at about $33,000. Manchester Capital Management LLC lifted its position in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Coastline Trust Co purchased a new position in shares of Teradyne in the third quarter valued at about $46,000. Finally, Brooklyn Investment Group purchased a new position in shares of Teradyne in the third quarter valued at about $52,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of NASDAQ TER opened at $115.91 on Friday. The business’s 50 day moving average is $124.99 and its two-hundred day moving average is $122.96. Teradyne, Inc. has a 1-year low of $95.80 and a 1-year high of $163.21. The stock has a market capitalization of $18.88 billion, a P/E ratio of 34.81, a PEG ratio of 2.74 and a beta of 1.45.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.91 earnings per share for the current fiscal year.

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 given 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 dividend yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TER shares. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. JPMorgan Chase & Co. lowered their price objective on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. KeyCorp reduced their target price on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Craig Hallum reduced their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird reduced their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 614 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at $3,105,492. The trade was a 1.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last 90 days. Company insiders own 0.36% 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.