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

Valley National Advisers Inc. cut its position in shares of Teradyne, Inc. (NASDAQ:TER) by 46.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 670 shares of the company’s stock after selling 575 shares during the quarter. 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 modified their holdings of the company. Marshall Financial Group LLC grew its holdings in shares of Teradyne by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock worth $895,000 after buying an additional 96 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Teradyne by 24.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock worth $56,000 after acquiring an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Teradyne by 4.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after acquiring an additional 107 shares during the last quarter. Congress Asset Management Co. MA boosted its position in shares of Teradyne by 2.9% in the fourth quarter. Congress Asset Management Co. MA now owns 3,860 shares of the company’s stock worth $419,000 after acquiring an additional 110 shares during the last quarter. Finally, Meritage Group LP boosted its position in shares of Teradyne by 5.3% in the fourth quarter. Meritage Group LP now owns 2,218 shares of the company’s stock worth $241,000 after acquiring an additional 111 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Up 1.4 %

Shares of TER traded up $2.10 during mid-day trading on Wednesday, reaching $151.70. 990,174 shares of the stock traded hands, compared to its average volume of 2,017,256. The firm has a market cap of $23.68 billion, a price-to-earnings ratio of 57.68, a P/E/G ratio of 2.80 and a beta of 1.50. The stock has a fifty day simple moving average of $137.09 and a 200 day simple moving average of $116.14. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $152.67.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. On average, equities research analysts expect that Teradyne, Inc. will post 3.04 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were paid a $0.12 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.32%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Insider Buying and Selling

In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction 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 sale, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,005 shares of company stock worth $1,304,763. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TER. UBS Group raised their target price on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Susquehanna raised their target price on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. KeyCorp lifted their price target on shares of Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Robert W. Baird lifted 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. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.85.

Teradyne Company 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.