Avantax Advisory Services Inc. Decreases Holdings in Teradyne, Inc. (NASDAQ:TER)

Avantax Advisory Services Inc. lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,379 shares of the company’s stock after selling 987 shares during the period. Avantax Advisory Services Inc.’s holdings in Teradyne were worth $1,055,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TER. Compass Financial Services Inc purchased a new position in shares of Teradyne in the fourth quarter worth about $33,000. Manchester Capital Management LLC increased its stake in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after purchasing an additional 227 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Teradyne in the third quarter worth about $52,000. Quarry LP increased its stake in shares of Teradyne by 91.9% in the third quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after purchasing an additional 216 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Teradyne by 40.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 629 shares of the company’s stock worth $79,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER opened at $88.51 on Thursday. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The firm has a 50 day moving average price of $114.63 and a 200-day moving average price of $119.33.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.54%. Teradyne’s payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TER. Vertical Research began coverage on shares of Teradyne in a research note on Friday, March 7th. They issued a “buy” rating and a $135.00 target price for the company. Robert W. Baird reduced their price objective on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Cantor Fitzgerald reduced their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. UBS Group set a $130.00 price objective on shares of Teradyne and gave the company a “buy” rating in a research note on Wednesday, March 12th. Finally, Susquehanna reduced their price objective on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 614 shares of Teradyne stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $102.00, for a total transaction of $62,628.00. Following the completion of the transaction, the chief financial officer now directly owns 30,446 shares in the company, valued at approximately $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 over the last three months. 0.36% of the stock is owned by company insiders.

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.