Vestmark Advisory Solutions Inc. Decreases Position in Teradyne, Inc. $TER

Vestmark Advisory Solutions Inc. trimmed its holdings in Teradyne, Inc. (NASDAQ:TER) by 45.7% in the third quarter, HoldingsChannel.com reports. The firm owned 44,475 shares of the company’s stock after selling 37,496 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Teradyne were worth $6,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Root Financial Partners LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC acquired a new position in Teradyne in the second quarter valued at $35,000. Hemington Wealth Management grew its holdings in shares of Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Teradyne during the second quarter worth about $43,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Teradyne in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

TER has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research report on Thursday, January 22nd. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Citigroup increased their price target on shares of Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Cantor Fitzgerald upped their target price on shares of Teradyne from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, iA Financial set a $175.00 price target on Teradyne in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $256.24.

Teradyne Stock Up 2.8%

NASDAQ TER opened at $324.85 on Monday. The stock has a market capitalization of $50.86 billion, a P/E ratio of 93.35, a P/E/G ratio of 2.01 and a beta of 1.83. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $327.99. The firm has a 50-day moving average price of $240.98 and a 200 day moving average price of $179.45.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.44. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.Teradyne’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. On average, equities research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. Teradyne’s payout ratio is currently 14.94%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.