Lake Street Private Wealth LLC Sells 349 Shares of Teradyne, Inc. (NASDAQ:TER)

Lake Street Private Wealth LLC lowered its position in Teradyne, Inc. (NASDAQ:TER) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,090 shares of the company’s stock after selling 349 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Teradyne were worth $682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB grew its holdings in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after buying an additional 426,900 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Teradyne by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock worth $37,887,000 after buying an additional 50,156 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Teradyne by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after purchasing an additional 14,272 shares during the period. MBB Public Markets I LLC purchased a new stake in Teradyne in the 2nd quarter valued at about $1,619,000. Finally, Empowered Funds LLC raised its holdings in shares of Teradyne by 137.6% in the 1st quarter. Empowered Funds LLC now owns 20,028 shares of the company’s stock valued at $2,260,000 after purchasing an additional 11,599 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Trading Up 0.0 %

Teradyne stock traded up $0.01 during mid-day trading on Wednesday, reaching $125.37. The company’s stock had a trading volume of 526,977 shares, compared to its average volume of 1,977,430. The firm has a market cap of $19.57 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 2.58 and a beta of 1.49. The business has a 50 day moving average price of $130.31 and a 200-day moving average price of $131.77. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS 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 the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share. On average, equities analysts expect that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Thursday, September 5th. Teradyne’s payout ratio is 18.25%.

Insider Buying and Selling at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the sale, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the transaction, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the transaction, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,977 shares of company stock worth $1,979,834. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TER has been the subject of several recent analyst reports. StockNews.com lowered shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Monday. JPMorgan Chase & Co. increased their target price 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. Evercore ISI raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Citigroup lowered their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, Craig Hallum cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $142.57.

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.