United Asset Strategies Inc. Sells 62,852 Shares of Teradyne, Inc. (NASDAQ:TER)

United Asset Strategies Inc. trimmed its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 48.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,208 shares of the company's stock after selling 62,852 shares during the quarter. United Asset Strategies Inc.'s holdings in Teradyne were worth $8,867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in Teradyne in the 2nd quarter worth approximately $27,000. Rothschild Investment LLC bought a new position in Teradyne in the 2nd quarter worth approximately $33,000. Quarry LP boosted its stake in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company's stock worth $35,000 after purchasing an additional 169 shares during the period. Tortoise Investment Management LLC boosted its stake in Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company's stock worth $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company's stock worth $52,000 after purchasing an additional 342 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 789 shares of the firm's stock in a transaction 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 transaction, the insider now owns 21,864 shares in the company, valued at approximately $2,903,539.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,352 shares of company stock worth $1,899,353 over the last quarter. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Susquehanna upped their price target on Teradyne from $130.00 to $145.00 and gave the stock a "positive" rating in a research note on Friday, July 26th. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research report on Friday, October 25th. Evercore ISI increased their target price on Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on Teradyne from $120.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, July 23rd. Finally, Northland Securities lowered their target price on Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Teradyne currently has a consensus rating of "Hold" and a consensus price target of $142.62.

Teradyne Stock Performance

TER stock traded down $3.27 during midday trading on Thursday, reaching $106.21. The company's stock had a trading volume of 3,392,289 shares, compared to its average volume of 2,036,245. The stock has a fifty day simple moving average of $127.57 and a two-hundred day simple moving average of $131.78. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.46 and a beta of 1.49.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $716.40 million. During the same quarter last year, the firm posted $0.80 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. As a group, analysts forecast that Teradyne, Inc. will post 3.12 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. Teradyne's payout ratio is 15.24%.

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.