United Asset Strategies Inc. Raises Holdings in Teradyne, Inc. (NASDAQ:TER)

United Asset Strategies Inc. boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,151 shares of the company’s stock after acquiring an additional 3,943 shares during the quarter. United Asset Strategies Inc.’s holdings in Teradyne were worth $8,833,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne in the third quarter valued at about $29,000. Quarry LP grew its holdings in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares during the period. Coastline Trust Co acquired a new position in Teradyne during the third quarter worth $46,000. Brooklyn Investment Group purchased a new stake in Teradyne during the third quarter worth $52,000. Finally, Eastern Bank acquired a new stake in Teradyne in the third quarter valued at $67,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Teradyne stock opened at $129.92 on Monday. 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 $123.95 and a 200 day moving average price of $126.23. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 2.25 and a beta of 1.46.

Teradyne declared that its board has authorized a stock buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. Teradyne’s payout ratio is 15.24%.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 transaction, the chief executive officer now directly 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TER shares. Stifel Nicolaus decreased their price objective 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. Evercore ISI upped their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. 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. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. 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 analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.31.

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.