Pinnacle Wealth Planning Services Inc. Sells 206 Shares of Teradyne, Inc. (NASDAQ:TER)

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,807 shares of the company’s stock after selling 206 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Teradyne were worth $204,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in shares of Teradyne in the 4th quarter worth approximately $33,000. Bfsg LLC bought a new stake in Teradyne during the 1st quarter valued at $34,000. American National Bank bought a new stake in Teradyne during the 4th quarter valued at $37,000. Cambridge Trust Co. bought a new position in Teradyne in the fourth quarter worth about $38,000. Finally, Mather Group LLC. bought a new position in Teradyne in the first quarter worth about $53,000. Institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TER. Citigroup boosted their target price on shares of Teradyne from $112.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Stifel Nicolaus upped their price objective on shares of Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. KeyCorp upped their price objective on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. UBS Group upped their price objective on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and an average price target of $139.64.

Teradyne Stock Performance

Shares of TER traded down $3.10 during midday trading on Friday, hitting $146.42. The company had a trading volume of 2,001,005 shares, compared to its average volume of 1,899,279. The firm has a market capitalization of $22.86 billion, a P/E ratio of 55.67, a P/E/G ratio of 2.74 and a beta of 1.50. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21. The company’s 50-day simple moving average is $145.76 and its 200-day simple moving average is $120.06.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. Equities analysts predict that Teradyne, Inc. will post 3.05 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.33%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the transaction, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock valued at $1,304,763 over the last quarter. Company insiders own 0.36% of the company’s stock.

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.