Sanctuary Advisors LLC Sells 5,323 Shares of Teradyne, Inc. (NASDAQ:TER)

Sanctuary Advisors LLC decreased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 17.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 24,506 shares of the company’s stock after selling 5,323 shares during the period. Sanctuary Advisors LLC’s holdings in Teradyne were worth $3,282,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after acquiring an additional 350,002 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Teradyne by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after purchasing an additional 57,989 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Teradyne by 5.5% during the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after buying an additional 209,868 shares during the last quarter. Van ECK Associates Corp grew its holdings in Teradyne by 6.3% during the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock worth $383,501,000 after buying an additional 183,721 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after buying an additional 374,522 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of analyst reports. Craig Hallum cut their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus cut their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Evercore ISI boosted their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.25.

Teradyne Price Performance

Shares of TER opened at $129.48 on Tuesday. Teradyne, Inc. has a 1 year low of $92.29 and a 1 year high of $163.21. The stock’s fifty day moving average price is $115.18 and its two-hundred day moving average price is $129.47. The firm has a market cap of $21.09 billion, a PE ratio of 41.10, a PEG ratio of 2.66 and a beta of 1.51.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data 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 business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. Sell-side analysts anticipate that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Teradyne declared that its Board of Directors has approved a stock buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the sale, the director now directly owns 15,893 shares of the company’s stock, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard John Burns sold 789 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,494 shares of company stock worth $596,803. Corporate insiders own 0.36% of the company’s stock.

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.