Thrive Wealth Management LLC Reduces Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Thrive Wealth Management LLC decreased its position in Teradyne, Inc. (NASDAQ:TER) by 31.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and 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 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Whittier Trust Co. lifted its position in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock worth $127,000 after acquiring an additional 88 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Teradyne by 10.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock worth $149,000 after acquiring an additional 103 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after acquiring an additional 104 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Teradyne by 3.1% in the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after buying an additional 105 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TER shares. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Northland Securities upgraded Teradyne from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $117.00 to $154.00 in a research report on Monday, January 6th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Robert W. Baird lowered their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $150.33.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $138.40 on Monday. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The company has a market cap of $22.54 billion, a PE ratio of 43.94, a P/E/G ratio of 2.23 and a beta of 1.46. The stock’s 50-day moving average is $121.25 and its 200 day moving average is $127.12.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. Analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.35%. Teradyne’s payout ratio is 15.24%.

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

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.