Teradyne, Inc. (NASDAQ:TER) Shares Sold by Boston Family Office LLC

Boston Family Office LLC lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,671 shares of the company’s stock after selling 849 shares during the period. Boston Family Office LLC’s holdings in Teradyne were worth $14,688,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TER. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Teradyne during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Teradyne in the 3rd quarter valued at approximately $29,000. Rothschild Investment LLC purchased a new stake in Teradyne in the 2nd quarter valued at approximately $33,000. Quarry LP lifted its stake in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in 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 buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Up 2.5 %

Shares of TER opened at $108.21 on Monday. The firm has a market capitalization of $17.62 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 2.34 and a beta of 1.52. The stock’s fifty day simple moving average is $120.00 and its 200 day simple moving average is $131.71. Teradyne, Inc. has a twelve month low of $90.24 and a twelve month high of $163.21.

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

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

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

Analyst Ratings Changes

A number of research firms recently issued reports on TER. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Craig Hallum reduced their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Northland Securities reduced their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus reduced their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $142.62.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at $10,896,080. This trade represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now 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 disclosure for this sale can be found here. Insiders have sold 8,199 shares of company stock valued at $1,080,634 over the last three months. 0.18% of the stock is owned by company insiders.

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.