Commonwealth Equity Services LLC Sells 1,626 Shares of Teradyne, Inc. (NASDAQ:TER)

Commonwealth Equity Services LLC decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 11.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,273 shares of the company’s stock after selling 1,626 shares during the period. Commonwealth Equity Services LLC’s holdings in Teradyne were worth $1,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Roberts Glore & Co. Inc. IL boosted its position in shares of Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after acquiring an additional 90 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock valued at $858,000 after purchasing an additional 104 shares in the last quarter. GAMMA Investing LLC lifted its position in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after purchasing an additional 105 shares during the last quarter. TD Private Client Wealth LLC grew its stake in Teradyne by 0.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after buying an additional 108 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Teradyne by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company’s stock worth $283,000 after buying an additional 124 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now directly owns 33,308 shares in the company, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. TD Cowen dropped their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Bank of America dropped their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. KeyCorp reduced their price objective on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus reduced their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Trading Down 3.4 %

Shares of NASDAQ:TER opened at $82.78 on Friday. The company has a 50-day moving average price of $107.90 and a 200-day moving average price of $117.43. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12 month low of $82.47 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Teradyne’s dividend payout ratio is 14.41%.

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.