ASB Consultores LLC Sells 114 Shares of Teradyne, Inc. (NASDAQ:TER)

ASB Consultores LLC trimmed its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 6.0% in the 3rd quarter, Holdings Channel reports. The firm owned 1,782 shares of the company’s stock after selling 114 shares during the quarter. ASB Consultores LLC’s holdings in Teradyne were worth $239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne in the second quarter valued at about $27,000. Rothschild Investment LLC bought a new stake in shares of Teradyne in the second quarter valued at about $33,000. Quarry LP raised its holdings in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after purchasing an additional 342 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Up 1.1 %

Shares of NASDAQ TER opened at $105.45 on Wednesday. The business’s 50 day moving average price is $126.41 and its 200 day moving average price is $132.22. The firm has a market cap of $17.17 billion, a P/E ratio of 33.48, a P/E/G ratio of 2.27 and a beta of 1.52. Teradyne, Inc. has a 52 week low of $84.66 and a 52 week high of $163.21.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s payout ratio is presently 15.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TER shares. JPMorgan Chase & Co. lifted their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Evercore ISI lifted their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. KeyCorp lifted their target price on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Susquehanna lifted their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Finally, Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $142.62.

Insider Buying and Selling at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 789 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,352 shares of company stock valued at $1,899,353. 0.18% of the stock is owned by company insiders.

Teradyne Company 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.