LVW Advisors LLC Sells 2,555 Shares of Teradyne, Inc. (NASDAQ:TER)

LVW Advisors LLC cut its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 33.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,999 shares of the company's stock after selling 2,555 shares during the quarter. LVW Advisors LLC's holdings in Teradyne were worth $629,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of Teradyne during the third quarter worth about $29,000. Quarry LP boosted 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. Coastline Trust Co bought a new position in shares of Teradyne during the 3rd quarter worth approximately $46,000. Brooklyn Investment Group acquired a new stake in shares of Teradyne in the third quarter valued at approximately $52,000. Finally, Eastern Bank bought a new stake in shares of Teradyne in the third quarter worth $67,000. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

Teradyne Trading Down 4.4 %

TER stock traded down $6.10 during mid-day trading on Tuesday, hitting $132.30. 4,082,908 shares of the company were exchanged, compared to its average volume of 2,325,434. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21. The business has a 50 day simple moving average of $121.85 and a 200-day simple moving average of $126.85. The stock has a market capitalization of $21.55 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.46.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations of $716.40 million. During the same period last year, the firm posted $0.80 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne declared that its board has approved a share buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne's dividend payout ratio is 15.24%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TER shares. Morgan Stanley downgraded shares of Teradyne from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $121.00 to $117.00 in a research report on Tuesday. Stifel Nicolaus decreased their price objective on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a report on Friday, October 25th. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Robert W. Baird decreased their price target on Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Northland Securities upgraded Teradyne from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $117.00 to $154.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.77.

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.