Valley National Advisers Inc. Decreases Stake in Teradyne, Inc. (NASDAQ:TER)

Valley National Advisers Inc. lowered its stake in Teradyne, Inc. (NASDAQ:TER) by 46.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 670 shares of the company’s stock after selling 575 shares during the period. Valley National Advisers Inc.’s holdings in Teradyne were worth $75,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CVA Family Office LLC acquired a new stake in shares of Teradyne in the fourth quarter worth $33,000. American National Bank acquired a new stake in Teradyne during the fourth quarter valued at $37,000. Cambridge Trust Co. acquired a new stake in Teradyne during the fourth quarter valued at $38,000. Mather Group LLC. acquired a new stake in Teradyne during the first quarter valued at $53,000. Finally, Advantage Trust Co acquired a new stake in Teradyne during the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now directly owns 18,393 shares in the company, valued at approximately $2,645,649.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now directly owns 18,393 shares in the company, valued at approximately $2,645,649.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock worth $1,304,763 in the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TER has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a report on Thursday, April 25th. The Goldman Sachs Group increased their price objective on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Evercore ISI assumed coverage on shares of Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective on the stock. Finally, KeyCorp increased their price objective on shares of Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Teradyne Stock Up 1.4 %

NASDAQ:TER traded up $2.10 on Wednesday, hitting $151.70. The stock had a trading volume of 990,174 shares, compared to its average volume of 2,017,256. The stock has a market cap of $23.68 billion, a price-to-earnings ratio of 57.68, a PEG ratio of 2.80 and a beta of 1.50. The company has a fifty day moving average price of $137.09 and a two-hundred day moving average price of $116.14. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $152.67.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. Teradyne’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. As a group, analysts anticipate that Teradyne, Inc. will post 3.04 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.32%. Teradyne’s payout ratio is 18.25%.

About Teradyne

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.