Robertson Stephens Wealth Management LLC Sells 3,424 Shares of Teradyne, Inc. (NASDAQ:TER)

Robertson Stephens Wealth Management LLC cut its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 52.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,129 shares of the company’s stock after selling 3,424 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Teradyne were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Teradyne by 0.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 240,023 shares of the company’s stock worth $30,851,000 after buying an additional 1,028 shares during the period. E. Ohman J or Asset Management AB boosted its position in Teradyne by 22.7% during the 4th quarter. E. Ohman J or Asset Management AB now owns 8,100 shares of the company’s stock worth $1,020,000 after buying an additional 1,500 shares during the period. Boston Trust Walden Corp boosted its position in Teradyne by 3.3% during the 4th quarter. Boston Trust Walden Corp now owns 408,177 shares of the company’s stock worth $51,398,000 after buying an additional 13,020 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in Teradyne during the 4th quarter worth approximately $3,722,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Teradyne by 0.7% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 184,037 shares of the company’s stock worth $23,174,000 after buying an additional 1,295 shares during the period. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.18% of the stock is owned by corporate insiders.

Teradyne Stock Down 0.7 %

Teradyne stock opened at $113.23 on Friday. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21. The firm’s fifty day moving average is $125.71 and its 200 day moving average is $123.93. The company has a market capitalization of $18.44 billion, a PE ratio of 34.00, a PEG ratio of 2.67 and a beta of 1.45.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Sell-side analysts expect that Teradyne, Inc. will post 4.02 EPS for the current fiscal year.

Teradyne announced that its board has initiated a stock buyback program on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TER. Stifel Nicolaus cut their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Susquehanna boosted their price target on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. UBS Group dropped their price target on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, KeyCorp dropped their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.77.

Teradyne 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.