Thrive Wealth Management LLC Sells 868 Shares of Teradyne, Inc. (NASDAQ:TER)

Thrive Wealth Management LLC lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 31.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,868 shares of the company’s stock after selling 868 shares during the period. Thrive Wealth Management LLC’s holdings in Teradyne were worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Teradyne during the 3rd quarter worth $2,221,000. MBB Public Markets I LLC acquired a new position in Teradyne during the 2nd quarter worth about $1,619,000. Cerity Partners LLC lifted its holdings in Teradyne by 87.1% during the 3rd quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after buying an additional 5,294 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Teradyne by 17.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after buying an additional 11,541 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after buying an additional 20,762 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

Shares of TER opened at $138.40 on Monday. The stock has a 50 day moving average price of $121.25 and a two-hundred day moving average price of $127.12. The firm has a market capitalization of $22.54 billion, a P/E ratio of 43.94, a P/E/G ratio of 2.23 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $92.29 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS 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 analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. On average, equities analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current year.

Teradyne declared that its board has approved a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio is presently 15.24%.

Wall Street Analyst Weigh In

Several research analysts have commented on TER shares. Evercore ISI lifted their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Craig Hallum cut their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Robert W. Baird cut their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus dropped their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $117.00 to $154.00 in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average target price of $150.33.

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.