Yoder Wealth Management Inc. Decreases Holdings in Teradyne, Inc. (NASDAQ:TER)

Yoder Wealth Management Inc. trimmed its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 14.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,508 shares of the company’s stock after selling 260 shares during the quarter. Yoder Wealth Management Inc.’s holdings in Teradyne were worth $202,000 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 the stock. Vanguard Group Inc. lifted its holdings in Teradyne by 0.7% during the first 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 in the last quarter. Van ECK Associates Corp lifted its holdings in Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after purchasing an additional 453,926 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings 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 purchasing an additional 57,989 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after buying an additional 385,115 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of 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 buying an additional 47,157 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TER shares. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research note on Friday, August 16th. Evercore ISI raised their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price target on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Stifel Nicolaus lifted their target price on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Finally, StockNews.com cut shares of Teradyne from a “hold” rating to a “sell” rating in a report on Monday. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $142.57.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 789 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard John Burns sold 789 shares of the company’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 $104,779.20. Following the transaction, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,977 shares of company stock valued at $1,979,834 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

Teradyne Price Performance

Shares of NASDAQ:TER traded down $10.92 during trading on Thursday, hitting $113.51. 2,392,491 shares of the company were exchanged, compared to its average volume of 1,990,818. The firm’s 50 day moving average price is $130.26 and its 200-day moving average price is $131.85. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21. The stock has a market capitalization of $18.52 billion, a P/E ratio of 37.24, a PEG ratio of 2.57 and a beta of 1.49.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. Teradyne’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is presently 15.79%.

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.