Teradyne, Inc. (NASDAQ:TER) Shares Sold by Choreo LLC

Choreo LLC trimmed its holdings in Teradyne, Inc. (NASDAQ:TER) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,698 shares of the company’s stock after selling 993 shares during the period. Choreo LLC’s holdings in Teradyne were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new position in Teradyne in the 3rd quarter valued at about $29,000. Coastline Trust Co purchased a new position in Teradyne in the 3rd quarter valued at about $46,000. Brooklyn Investment Group purchased a new position in Teradyne in the 3rd quarter valued at about $52,000. Quarry LP lifted its holdings in Teradyne by 91.9% in the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock valued at $60,000 after purchasing an additional 216 shares in the last quarter. Finally, Eastern Bank purchased a new position in Teradyne in the 3rd quarter valued at about $67,000. 99.77% of the stock is owned by institutional investors and hedge funds.

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 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 completion of the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the sale, the insider now directly owns 20,764 shares of the company’s stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,013,134 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

Teradyne Stock Performance

NASDAQ TER opened at $112.84 on Friday. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The company’s 50 day moving average price is $125.54 and its 200 day moving average price is $123.26. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Sell-side analysts forecast that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne announced that its board has authorized a share repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is 14.41%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TER. Stifel Nicolaus cut their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Susquehanna increased their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. KeyCorp cut their price objective on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, UBS Group cut their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.77.

About Teradyne

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.