Teradyne, Inc. (NASDAQ:TER) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,450 shares of the company's stock after selling 33,450 shares during the period. Janney Montgomery Scott LLC owned approximately 0.11% of Teradyne worth $21,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Teradyne during the 3rd quarter valued at approximately $29,000. Quarry LP lifted its position in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company's stock valued at $35,000 after purchasing an additional 169 shares during the period. Coastline Trust Co purchased a new stake in Teradyne in the third quarter valued at $46,000. Brooklyn Investment Group acquired a new stake in Teradyne during the 3rd quarter worth about $52,000. Finally, Eastern Bank purchased a new position in shares of Teradyne during the 3rd quarter valued at about $67,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on TER shares. Craig Hallum dropped 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. Evercore ISI lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Northland Capmk upgraded shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, Morgan Stanley cut Teradyne from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $121.00 to $117.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $149.31.

Teradyne Price Performance

TER traded down $1.91 on Friday, reaching $129.92. 2,253,957 shares of the company's stock were exchanged, compared to its average volume of 1,819,206. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21. The stock has a market cap of $21.16 billion, a PE ratio of 41.24, a P/E/G ratio of 2.25 and a beta of 1.46. The stock's fifty day moving average price is $123.95 and its 200-day moving average price is $126.64.

Teradyne (NASDAQ:TER - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. During the same period in the previous year, the firm posted $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 predict that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

Teradyne announced that its board has initiated a stock buyback program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.36% of the stock is currently 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.