Sheaff Brock Investment Advisors LLC Sells 5,981 Shares of Teradyne, Inc. (NASDAQ:TER)

Sheaff Brock Investment Advisors LLC reduced its position in Teradyne, Inc. (NASDAQ:TERGet Rating) by 75.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,906 shares of the company’s stock after selling 5,981 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Teradyne were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TER. Allspring Global Investments Holdings LLC bought a new position in Teradyne in the 4th quarter valued at about $5,465,000. Commonwealth Equity Services LLC boosted its stake in shares of Teradyne by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,264 shares of the company’s stock valued at $2,823,000 after purchasing an additional 1,324 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Teradyne by 23.3% in the 4th quarter. D.A. Davidson & CO. now owns 7,855 shares of the company’s stock valued at $1,285,000 after purchasing an additional 1,482 shares in the last quarter. CWM LLC acquired a new stake in shares of Teradyne in the 4th quarter valued at approximately $149,000. Finally, Raymond James Trust N.A. boosted its stake in shares of Teradyne by 10.8% in the 4th quarter. Raymond James Trust N.A. now owns 2,578 shares of the company’s stock valued at $421,000 after purchasing an additional 252 shares in the last quarter. 96.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on TER. JPMorgan Chase & Co. began coverage on shares of Teradyne in a research note on Tuesday, July 5th. They issued a “neutral” rating and a $120.00 price target on the stock. KeyCorp cut their target price on shares of Teradyne from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Teradyne from $100.00 to $95.00 in a research report on Thursday, July 28th. Piper Sandler cut their target price on shares of Teradyne from $163.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, May 26th. Finally, Citigroup cut their target price on shares of Teradyne from $130.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.55.

Teradyne Stock Performance

NASDAQ:TER opened at $100.75 on Friday. The company has a fifty day moving average of $96.74 and a 200-day moving average of $108.40. The firm has a market capitalization of $16.14 billion, a P/E ratio of 21.08, a P/E/G ratio of 6.00 and a beta of 1.51. The company has a quick ratio of 2.48, a current ratio of 2.85 and a debt-to-equity ratio of 0.03. Teradyne, Inc. has a twelve month low of $82.97 and a twelve month high of $168.91.

Teradyne (NASDAQ:TERGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.07. Teradyne had a net margin of 24.67% and a return on equity of 36.06%. During the same period last year, the company posted $1.91 earnings per share. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.91 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Wednesday, May 25th were paid a $0.11 dividend. The ex-dividend date was Tuesday, May 24th. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. Teradyne’s dividend payout ratio is currently 9.21%.

Insider Activity

In other news, CEO Mark E. Jagiela sold 37,857 shares of Teradyne stock in a transaction on Friday, July 29th. The shares were sold at an average price of $100.20, for a total value of $3,793,271.40. Following the completion of the sale, the chief executive officer now owns 234,735 shares in the company, valued at approximately $23,520,447. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teradyne news, insider Brad Robbins sold 3,145 shares of the business’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $89.49, for a total transaction of $281,446.05. Following the completion of the sale, the insider now owns 44,755 shares in the company, valued at approximately $4,005,124.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark E. Jagiela sold 37,857 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $100.20, for a total transaction of $3,793,271.40. Following the sale, the chief executive officer now owns 234,735 shares of the company’s stock, valued at approximately $23,520,447. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

About Teradyne

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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