TD Private Client Wealth LLC Cuts Stake in Teradyne, Inc. (NASDAQ:TER)

TD Private Client Wealth LLC trimmed its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 37.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,356 shares of the company's stock after selling 7,548 shares during the period. TD Private Client Wealth LLC's holdings in Teradyne were worth $1,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Roberts Glore & Co. Inc. IL grew its holdings in Teradyne by 2.2% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company's stock valued at $517,000 after buying an additional 90 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company's stock worth $858,000 after purchasing an additional 104 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company's stock worth $434,000 after buying an additional 105 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in Teradyne by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 2,244 shares of the company's stock valued at $283,000 after buying an additional 124 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in Teradyne by 5.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company's stock worth $324,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 99.77% of the company's stock.

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Insider Activity

In other news, insider Richard John Burns sold 407 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the transaction, the insider now directly owns 20,764 shares of the company's stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock worth $1,013,134. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Vertical Research started coverage on Teradyne in a research report on Friday, March 7th. They set a "buy" rating and a $135.00 target price for the company. TD Cowen lowered their price objective on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. KeyCorp decreased their target price on shares of Teradyne from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Finally, Northland Capmk upgraded Teradyne from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $121.44.

Teradyne Stock Down 2.2 %

TER traded down $1.94 on Wednesday, reaching $88.01. 2,200,390 shares of the company traded hands, compared to its average volume of 2,301,220. The company has a market cap of $14.23 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a one year low of $82.98 and a one year high of $163.21. The firm has a fifty day simple moving average of $110.05 and a two-hundred day simple moving average of $117.99.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne's payout ratio is 14.41%.

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.