Bouvel Investment Partners LLC Sells 249 Shares of Teradyne, Inc. (NASDAQ:TER)

Bouvel Investment Partners LLC lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 1.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,529 shares of the company’s stock after selling 249 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Teradyne were worth $3,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in Teradyne in the second quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter valued at about $29,000. Rothschild Investment LLC bought a new position in Teradyne during the second quarter worth $33,000. Quarry LP increased its holdings in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Evercore ISI increased their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Citigroup reduced their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Northland Securities cut their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a report on Friday, August 16th. Finally, Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $142.62.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,352 shares of company stock worth $1,899,353 in the last three months. Company insiders own 0.36% of the company’s stock.

Teradyne Price Performance

Shares of Teradyne stock opened at $106.38 on Thursday. Teradyne, Inc. has a 12 month low of $89.15 and a 12 month high of $163.21. The business has a 50-day moving average of $123.10 and a 200 day moving average of $132.30. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.36 and a beta of 1.52.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating 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 firm had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same period last year, the firm posted $0.80 EPS. The company’s revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Teradyne, Inc. will post 3.15 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Teradyne announced that its board has approved a stock buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.