Ashford Capital Management Inc. Sells 7,334 Shares of Teradyne, Inc. (NASDAQ:TER)

Ashford Capital Management Inc. decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 36.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,061 shares of the company's stock after selling 7,334 shares during the quarter. Ashford Capital Management Inc.'s holdings in Teradyne were worth $1,749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TER. Ashton Thomas Private Wealth LLC acquired a new position in Teradyne during the second quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in Teradyne in the 3rd quarter valued at $29,000. Rothschild Investment LLC bought a new position in Teradyne in the 2nd quarter worth $33,000. Quarry LP lifted its position in Teradyne by 256.1% during 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 last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares during the period. Institutional investors own 99.77% of the company's stock.

Teradyne Stock Down 2.1 %

Shares of NASDAQ:TER traded down $2.53 during trading on Tuesday, reaching $117.03. 2,278,055 shares of the company traded hands, compared to its average volume of 2,059,322. The firm has a market capitalization of $19.06 billion, a PE ratio of 37.96, a PEG ratio of 2.56 and a beta of 1.51. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21. The company's 50 day moving average is $115.95 and its two-hundred day moving average is $130.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million during the quarter, compared to analysts' expectations of $716.40 million. During the same period in the previous year, the company earned $0.80 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current year.

Teradyne declared that its Board of Directors has initiated a share buyback program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be issued a $0.12 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne's dividend payout ratio (DPR) is currently 15.24%.

Insider Activity

In related news, insider Richard John Burns sold 789 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares in the company, valued at $2,903,539.20. This trade represents a 3.48 % decrease in their position. The sale was disclosed in a 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 that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $409,024.00. Following the sale, the chief executive officer now directly owns 80,736 shares in the company, valued at $10,721,740.80. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,574 shares of company stock worth $997,203. Corporate insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

TER has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Evercore ISI raised their target price on Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Craig Hallum reduced their target price on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research note on Friday, October 25th. Finally, Northland Securities lowered their target price on shares of Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $142.62.

About Teradyne

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.