Andar Capital Management HK Ltd Sells 9,500 Shares of Teradyne, Inc. (NASDAQ:TER)

Andar Capital Management HK Ltd reduced its stake in Teradyne, Inc. (NASDAQ:TER) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,500 shares of the company’s stock after selling 9,500 shares during the quarter. Teradyne accounts for 8.3% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 2nd largest position. Andar Capital Management HK Ltd’s holdings in Teradyne were worth $6,006,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TER. Mitchell & Pahl Private Wealth LLC increased its stake in Teradyne by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock worth $1,074,000 after buying an additional 79 shares during the period. Blair William & Co. IL increased its stake in Teradyne by 0.6% during the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after buying an additional 83 shares during the period. Massmutual Trust Co. FSB ADV increased its stake 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 buying an additional 96 shares during the period. Wealth Alliance increased its stake in Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after buying an additional 98 shares during the period. Finally, Quent Capital LLC increased its stake in Teradyne by 6.0% during the 2nd quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock worth $277,000 after buying an additional 105 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Wednesday, September 11th. 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 83,816 shares in the company, valued at approximately $10,896,080. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. Insiders sold a total of 10,483 shares of company stock worth $1,383,031 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Northland Securities cut their target price on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. 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. increased their price objective 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. The Goldman Sachs Group increased their price objective on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $141.50.

Teradyne Price Performance

NASDAQ TER opened at $129.71 on Wednesday. The firm’s fifty day moving average price is $133.35 and its 200 day moving average price is $127.98. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 49.32, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. Teradyne’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, September 5th. Teradyne’s dividend payout ratio is currently 18.25%.

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.