Teradyne, Inc. (NASDAQ:TER) Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 96.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 924 shares of the company's stock after selling 23,616 shares during the period. Assetmark Inc.'s holdings in Teradyne were worth $124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TER. Vanguard Group Inc. grew its stake in shares of Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company's stock valued at $2,078,462,000 after purchasing an additional 135,286 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company's stock valued at $682,597,000 after buying an additional 57,989 shares during the period. Van ECK Associates Corp increased its holdings in Teradyne by 6.3% during the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company's stock valued at $383,501,000 after buying an additional 183,721 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Teradyne by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company's stock worth $299,073,000 after acquiring an additional 47,157 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Teradyne by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,030 shares of the company's stock worth $127,684,000 after acquiring an additional 15,907 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Craig Hallum lowered their price target on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, October 25th. StockNews.com upgraded Teradyne from a "sell" rating to a "hold" rating in a research report on Sunday, October 27th. Cantor Fitzgerald raised Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. Finally, Northland Securities dropped their price target on Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a research note 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 stock. According to MarketBeat.com, Teradyne has a consensus rating of "Hold" and a consensus target price of $142.62.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares of the company's stock, valued at $4,768,072.04. This trade represents a 14.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company's stock, valued at approximately $10,896,080. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,352 shares of company stock worth $1,899,353. Company insiders own 0.36% of the company's stock.

Teradyne Stock Performance

TER stock traded up $1.57 during mid-day trading on Monday, reaching $104.15. 2,704,247 shares of the stock traded hands, compared to its average volume of 2,045,510. Teradyne, Inc. has a one year low of $90.24 and a one year high of $163.21. The stock has a market capitalization of $16.96 billion, a PE ratio of 32.57, a PEG ratio of 2.22 and a beta of 1.52. The business has a 50-day moving average price of $122.33 and a two-hundred day moving average price of $132.25.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) 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 firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same period last year, the company earned $0.80 EPS. Teradyne's quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, November 25th. Teradyne's dividend payout ratio (DPR) is presently 15.24%.

Teradyne announced that its board has approved a share buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

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.