Ironwood Investment Counsel LLC Sells 665 Shares of Teradyne, Inc. (NASDAQ:TER)

Ironwood Investment Counsel LLC cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,138 shares of the company’s stock after selling 665 shares during the period. Ironwood Investment Counsel LLC’s holdings in Teradyne were worth $5,558,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. KeyCorp cut their price target on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday. TD Cowen cut their price objective on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday. Susquehanna lowered their target price on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a report on Wednesday. Robert W. Baird cut their price target on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Bank of America decreased their price objective on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.69.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the completion of the transaction, the chief financial officer now directly owns 30,446 shares in the company, valued at approximately $3,105,492. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 over the last three months. Corporate insiders own 0.36% of the company’s stock.

Teradyne Price Performance

Teradyne stock opened at $85.33 on Friday. The company’s 50-day moving average is $118.48 and its 200-day moving average is $120.70. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The firm has a market capitalization of $13.80 billion, a PE ratio of 25.62, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently declared 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 0.56%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne Company 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.