Prime Capital Investment Advisors LLC Lowers Holdings in Teradyne, Inc. (NASDAQ:TER)

Prime Capital Investment Advisors LLC lowered its holdings in Teradyne, Inc. (NASDAQ:TER) by 5.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,330 shares of the company’s stock after selling 309 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Teradyne were worth $714,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. XXEC Inc. grew its stake in shares of Teradyne by 379.0% in the third quarter. XXEC Inc. now owns 37,915 shares of the company’s stock worth $5,078,000 after acquiring an additional 30,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after purchasing an additional 374,522 shares in the last quarter. Entropy Technologies LP purchased a new stake in Teradyne during the 3rd quarter worth about $647,000. Apollon Wealth Management LLC raised its position in Teradyne by 7.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,362 shares of the company’s stock valued at $316,000 after purchasing an additional 159 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Teradyne by 33.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,275 shares of the company’s stock valued at $439,000 after buying an additional 823 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TER shares. Craig Hallum cut their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Northland Securities decreased their price objective on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. Susquehanna increased their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, Citigroup cut their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.62.

Insider Transactions at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the transaction, the director now owns 16,518 shares in the company, valued at approximately $2,204,987.82. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,352 shares of company stock worth $1,899,353 over the last 90 days. 0.36% of the stock is currently owned by insiders.

Teradyne Trading Down 3.7 %

Shares of TER opened at $102.58 on Friday. The company’s 50 day simple moving average is $122.33 and its 200-day simple moving average is $132.01. The firm has a market cap of $16.71 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52. Teradyne, Inc. has a 12-month low of $90.24 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. Teradyne’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.15 EPS for the current fiscal year.

Teradyne Dividend Announcement

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 issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is currently 15.24%.

Teradyne announced that its board has approved a share repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are 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.