Affinity Wealth Management LLC Cuts Stake in Teradyne, Inc. (NASDAQ:TER)

Affinity Wealth Management LLC cut its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,467 shares of the company’s stock after selling 403 shares during the period. Teradyne accounts for approximately 0.9% of Affinity Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Affinity Wealth Management LLC’s holdings in Teradyne were worth $5,096,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Evergreen Capital Management LLC purchased a new stake in Teradyne during the 2nd quarter worth $208,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Teradyne by 60.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,297 shares of the company’s stock worth $4,344,000 after buying an additional 11,034 shares during the period. AQR Capital Management LLC boosted its position in shares of Teradyne by 40.2% in the second quarter. AQR Capital Management LLC now owns 80,902 shares of the company’s stock worth $11,997,000 after buying an additional 23,178 shares during the period. APG Asset Management N.V. grew its stake in shares of Teradyne by 15.9% in the second quarter. APG Asset Management N.V. now owns 96,890 shares of the company’s stock valued at $13,406,000 after buying an additional 13,284 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Teradyne by 140.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 161,870 shares of the company’s stock valued at $24,004,000 after buying an additional 94,687 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TER shares. Robert W. Baird decreased their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus decreased their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $145.00 to $158.00 in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Teradyne Trading Down 1.4 %

Shares of Teradyne stock opened at $129.92 on Friday. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 2.25 and a beta of 1.46. The business’s 50 day simple moving average is $123.95 and its 200-day simple moving average is $126.46.

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

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.37%. Teradyne’s payout ratio is 15.24%.

Teradyne declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.