Bouvel Investment Partners LLC Reduces Stock Position in Teradyne, Inc. (NASDAQ:TER)

Bouvel Investment Partners LLC reduced its stake in Teradyne, Inc. (NASDAQ:TERFree Report) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,529 shares of the company’s stock after selling 249 shares during the period. Bouvel Investment Partners LLC’s holdings in Teradyne were worth $3,017,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TER. Mitchell & Pahl Private Wealth LLC lifted its stake in Teradyne by 1.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after acquiring an additional 79 shares during the last quarter. Blair William & Co. IL raised its position in shares of Teradyne by 0.6% in the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after acquiring an additional 83 shares during the period. Whittier Trust Co. lifted its stake in Teradyne by 10.2% in the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after buying an additional 88 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Teradyne by 17.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after acquiring an additional 96 shares during the last quarter. Finally, Wealth Alliance raised its holdings in Teradyne by 3.3% during the second quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Evercore ISI upped their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Susquehanna lifted their price target on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, Northland Securities cut their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. One equities 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 data from MarketBeat, Teradyne currently has an average rating of “Hold” and an average price target of $142.62.

Read Our Latest Research Report on TER

Teradyne Trading Down 1.8 %

Shares of NASDAQ:TER opened at $106.38 on Thursday. The business has a 50-day moving average price of $123.10 and a 200 day moving average price of $132.30. Teradyne, Inc. has a 12-month low of $89.15 and a 12-month high of $163.21. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.36 and a beta of 1.52.

Teradyne (NASDAQ:TERGet Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period in the previous year, the business earned $0.80 EPS. Teradyne’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts predict that Teradyne, Inc. will post 3.15 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s payout ratio is currently 15.24%.

Teradyne announced that its board has authorized a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,352 shares of company stock worth $1,899,353. Corporate insiders own 0.36% of the company’s stock.

Teradyne Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.