LVW Advisors LLC Sells 2,555 Shares of Teradyne, Inc. (NASDAQ:TER)

LVW Advisors LLC lessened its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 33.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,999 shares of the company’s stock after selling 2,555 shares during the period. LVW Advisors LLC’s holdings in Teradyne were worth $629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in Teradyne by 1,767.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after acquiring an additional 873,626 shares in the last quarter. Alkeon Capital Management LLC increased its position in shares of Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock valued at $153,218,000 after buying an additional 749,003 shares in the last quarter. Holocene Advisors LP purchased a new stake in Teradyne in the 3rd quarter worth $91,129,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings 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 worth $325,814,000 after buying an additional 374,522 shares during the last quarter. Finally, State Street Corp increased its position in shares of Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Teradyne Trading Up 0.6 %

TER opened at $138.40 on Tuesday. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 2.23 and a beta of 1.46. The stock’s 50-day moving average price is $121.25 and its 200 day moving average price is $126.95. Teradyne, Inc. has a 12-month low of $92.29 and a 12-month high of $163.21.

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

Teradyne announced that its Board of Directors has authorized a stock repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.35%. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Craig Hallum dropped their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $117.00 to $154.00 in a research note on Monday, January 6th. Finally, Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $150.33.

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.