Ashford Capital Management Inc. Has $1.75 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Ashford Capital Management Inc. lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 36.0% during the third quarter, HoldingsChannel.com reports. The firm owned 13,061 shares of the company’s stock after selling 7,334 shares during the quarter. Ashford Capital Management Inc.’s holdings in Teradyne were worth $1,749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TER. Geode Capital Management LLC raised its stake in Teradyne by 5.5% in the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after purchasing an additional 209,868 shares in the last quarter. Goodman Advisory Group LLC lifted its holdings in shares of Teradyne by 2.0% during the 3rd quarter. Goodman Advisory Group LLC now owns 22,883 shares of the company’s stock worth $3,065,000 after acquiring an additional 457 shares during the period. Vestcor Inc boosted its position in shares of Teradyne by 27.9% during the 3rd quarter. Vestcor Inc now owns 22,894 shares of the company’s stock worth $3,066,000 after acquiring an additional 5,000 shares in the last quarter. M&T Bank Corp increased its stake in Teradyne by 41.1% in the third quarter. M&T Bank Corp now owns 8,645 shares of the company’s stock valued at $1,158,000 after acquiring an additional 2,519 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Teradyne by 17.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock valued at $10,325,000 after purchasing an additional 11,541 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Transactions at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the firm’s 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 sale, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 3.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Richard John Burns sold 789 shares of the company’s stock in a transaction that occurred on 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 directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,574 shares of company stock valued at $997,203. Corporate insiders own 0.36% of the company’s stock.

Teradyne Trading Up 0.9 %

Shares of TER stock opened at $119.56 on Tuesday. The stock has a 50-day moving average of $116.24 and a 200-day moving average of $130.35. The stock has a market cap of $19.47 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 2.56 and a beta of 1.51. Teradyne, Inc. has a 1-year low of $92.29 and a 1-year high of $163.21.

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

Teradyne declared that its Board of Directors has initiated a share repurchase program on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.40%. Teradyne’s payout ratio is currently 15.24%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a report on Friday, August 16th. Craig Hallum dropped their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Northland Securities decreased their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.62.

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.