TD Private Client Wealth LLC Sells 7,548 Shares of Teradyne, Inc. (NASDAQ:TER)

TD Private Client Wealth LLC decreased its position in Teradyne, Inc. (NASDAQ:TER) by 37.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,356 shares of the company’s stock after selling 7,548 shares during the quarter. TD Private Client Wealth LLC’s holdings in Teradyne were worth $1,556,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TER. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Teradyne during the third quarter worth $2,221,000. Van ECK Associates Corp boosted its stake in shares of Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Teradyne in the 4th quarter valued at $12,118,000. Cerity Partners LLC boosted its stake in shares of Teradyne by 87.1% in the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after purchasing an additional 5,294 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Teradyne by 17.6% in the 3rd 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 in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

NASDAQ TER opened at $87.51 on Friday. The business has a 50 day simple moving average of $112.72 and a 200 day simple moving average of $118.73. Teradyne, Inc. has a 52-week low of $82.98 and a 52-week high of $163.21. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 2.83 and a beta of 1.46.

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

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is currently 14.41%.

Analyst Ratings Changes

Several equities research analysts have recently commented on TER shares. Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. TD Cowen reduced their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Cantor Fitzgerald reduced their price target on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Finally, Bank of America reduced their price target on shares of Teradyne from $100.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Insider Activity

In related news, insider Richard John Burns sold 407 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the sale, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This represents a 1.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the 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 completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by insiders.

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.