Teradyne, Inc. (NASDAQ:TER) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,097 shares of the company’s stock after selling 715 shares during the period. Capital Asset Advisory Services LLC’s holdings in Teradyne were worth $404,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Teradyne during the 3rd quarter worth approximately $2,221,000. MBB Public Markets I LLC purchased a new stake in Teradyne during the second quarter worth $1,619,000. Cerity Partners LLC boosted its position in Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after purchasing an additional 5,294 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Teradyne by 17.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock valued at $10,325,000 after purchasing an additional 11,541 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock valued at $11,878,000 after buying an additional 20,762 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other news, 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 completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

Teradyne stock opened at $120.27 on Tuesday. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The firm has a 50 day moving average price of $124.27 and a 200 day moving average price of $125.98. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 2.25 and a beta of 1.46.

Teradyne announced that its board has initiated a stock repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.40%. Teradyne’s payout ratio is 15.24%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Evercore ISI increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Stifel Nicolaus lowered their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird cut 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Teradyne presently has a consensus 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.