AFT Forsyth & Company Inc. Cuts Position in Teradyne, Inc. (NASDAQ:TER)

AFT Forsyth & Company Inc. lowered its position in Teradyne, Inc. (NASDAQ:TER) by 4.2% in the fourth quarter, Holdings Channel reports. The fund owned 4,601 shares of the company’s stock after selling 200 shares during the period. AFT Forsyth & Company Inc.’s holdings in Teradyne were worth $579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Teradyne in the 3rd quarter valued at about $29,000. Compass Financial Services Inc purchased a new position in Teradyne in the fourth quarter valued at approximately $33,000. Coastline Trust Co acquired a new stake in Teradyne during the third quarter worth approximately $46,000. Brooklyn Investment Group acquired a new stake in Teradyne during the third quarter worth approximately $52,000. Finally, Quarry LP lifted its position in shares of Teradyne by 91.9% during the 3rd quarter. Quarry LP now owns 451 shares of the company’s stock worth $60,000 after buying an additional 216 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Down 1.0 %

Shares of Teradyne stock opened at $111.54 on Thursday. The stock has a market cap of $18.17 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45. The company has a 50-day moving average of $125.56 and a two-hundred day moving average of $123.34. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.91 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne announced that its Board of Directors has approved a share repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Craig Hallum dropped their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. KeyCorp dropped their price objective on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Robert W. Baird reduced their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Morgan Stanley downgraded Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Finally, UBS Group cut their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the sale, the chief financial officer now owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s 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 directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 over the last ninety days. 0.36% of the stock is currently owned by insiders.

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.