Boston Family Office LLC Lowers Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Boston Family Office LLC lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,671 shares of the company’s stock after selling 849 shares during the quarter. Boston Family Office LLC owned approximately 0.07% of Teradyne worth $14,688,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Teradyne during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Teradyne during the third quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new position in shares of Teradyne during the second quarter valued at approximately $33,000. Quarry LP raised its holdings in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in shares of Teradyne by 76.1% during the second 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. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 2.5 %

TER opened at $108.21 on Monday. Teradyne, Inc. has a 52 week low of $90.24 and a 52 week high of $163.21. The business has a fifty day simple moving average of $120.00 and a 200-day simple moving average of $131.71. The firm has a market cap of $17.62 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.34 and a beta of 1.52.

Teradyne (NASDAQ:TER) last released its quarterly 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 business had revenue of $737.30 million during 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.80 earnings per share. Sell-side analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current year.

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

Teradyne Announces Dividend

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

Insider Activity at Teradyne

In other news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now owns 21,864 shares in the company, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the sale, the director now owns 16,518 shares in the company, valued at $2,204,987.82. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,199 shares of company stock worth $1,080,634. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TER. Evercore ISI increased their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a report on Friday, August 16th. Craig Hallum cut their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Northland Securities cut their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $142.62.

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.