Sanctuary Advisors LLC Sells 5,323 Shares of Teradyne, Inc. (NASDAQ:TER)

Sanctuary Advisors LLC cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 17.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,506 shares of the company's stock after selling 5,323 shares during the period. Sanctuary Advisors LLC's holdings in Teradyne were worth $3,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Teradyne by 23.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,122 shares of the company's stock valued at $1,501,000 after purchasing an additional 1,946 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Teradyne by 295.7% during the 2nd quarter. Blue Trust Inc. now owns 554 shares of the company's stock valued at $82,000 after buying an additional 414 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Teradyne in the 2nd quarter worth about $197,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Teradyne in the 2nd quarter worth about $168,000. Finally, &PARTNERS bought a new position in shares of Teradyne in the 2nd quarter worth about $660,000. Institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of NASDAQ TER traded down $1.47 during mid-day trading on Tuesday, hitting $128.01. 2,284,920 shares of the company's stock traded hands, compared to its average volume of 2,075,970. The company's 50-day moving average is $115.18 and its two-hundred day moving average is $129.47. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The company has a market capitalization of $20.85 billion, a P/E ratio of 41.10, a PEG ratio of 2.66 and a beta of 1.51.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly 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. The company had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. Equities analysts anticipate that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne declared that its board has initiated a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.37%. Teradyne's dividend payout ratio (DPR) is 15.24%.

Insider Activity

In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne 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 completion of the sale, the director now directly owns 15,893 shares of the company's stock, valued at $2,110,590.40. The trade was a 3.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 789 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares of the company's stock, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,494 shares of company stock valued at $596,803. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TER. Stifel Nicolaus reduced their price objective on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Evercore ISI lifted their price objective on Teradyne from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Teradyne from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $145.00 to $158.00 in a research report on Monday. Finally, Northland Securities decreased their price objective on Teradyne from $126.00 to $117.00 and set a "market perform" rating on the stock in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.25.

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.