Calton & Associates Inc. Purchases Shares of 6,775 Teradyne, Inc. (NASDAQ:TER)

Calton & Associates Inc. acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,775 shares of the company’s stock, valued at approximately $853,000.

Several other institutional investors have also made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne in the 3rd quarter valued at $29,000. Quarry LP lifted its holdings 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 purchasing an additional 169 shares during the last quarter. Coastline Trust Co acquired a new position in Teradyne in the third quarter valued at about $46,000. Brooklyn Investment Group bought a new stake in Teradyne during the third quarter worth about $52,000. Finally, Eastern Bank acquired a new stake in shares of Teradyne during the third quarter worth approximately $67,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of TER stock opened at $115.08 on Friday. The firm’s 50 day moving average price is $125.22 and its two-hundred day moving average price is $125.64. The stock has a market cap of $18.74 billion, a PE ratio of 34.56, a PEG ratio of 2.04 and a beta of 1.46. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.23% and a net margin of 19.23%. As a group, sell-side analysts predict that Teradyne, Inc. will post 4.1 earnings per share for the current fiscal year.

Teradyne announced that its Board of Directors has approved a stock repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were 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 $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now owns 33,308 shares in the company, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,383 shares of company stock worth $677,935 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on TER shares. 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. Stifel Nicolaus reduced their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Evercore ISI upped their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Susquehanna raised their price objective on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $149.31.

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.