United Asset Strategies Inc. Boosts Holdings in Teradyne, Inc. (NASDAQ:TER)

United Asset Strategies Inc. lifted its stake in Teradyne, Inc. (NASDAQ:TER) by 1.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 127,174 shares of the company’s stock after acquiring an additional 2,409 shares during the period. Teradyne accounts for approximately 1.6% of United Asset Strategies Inc.’s portfolio, making the stock its 15th biggest position. United Asset Strategies Inc.’s holdings in Teradyne were worth $13,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in Teradyne during the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Teradyne during the 3rd quarter worth $27,000. CVA Family Office LLC purchased a new stake in shares of Teradyne in the fourth quarter valued at about $33,000. Venturi Wealth Management LLC purchased a new stake in shares of Teradyne in the third quarter valued at about $36,000. Finally, NBC Securities Inc. purchased a new stake in shares of Teradyne in the third quarter valued at about $37,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Teradyne news, insider Richard John Burns sold 317 shares of Teradyne stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $112.68, for a total value of $35,719.56. Following the transaction, the insider now owns 20,300 shares in the company, valued at approximately $2,287,404. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Richard John Burns sold 317 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $112.68, for a total value of $35,719.56. Following the transaction, the insider now owns 20,300 shares of the company’s stock, valued at approximately $2,287,404. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 11,797 shares of company stock worth $1,248,237. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Monday, March 4th. Evercore ISI assumed coverage on shares of Teradyne in a report on Tuesday. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $113.73.

Teradyne Stock Up 1.4 %

Shares of NASDAQ TER traded up $1.51 during midday trading on Tuesday, hitting $105.93. The company had a trading volume of 257,054 shares, compared to its average volume of 1,750,948. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $119.20. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 38.25 and a beta of 1.56. The business has a 50-day simple moving average of $105.21 and a two-hundred day simple moving average of $100.36.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business had revenue of $670.60 million for the quarter, compared to analyst estimates of $674.99 million. During the same period in the prior year, the business earned $0.92 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Teradyne, Inc. will post 2.95 EPS for the current year.

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. This is a positive change from Teradyne’s previous quarterly dividend of $0.11. Teradyne’s dividend payout ratio (DPR) is 17.58%.

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.