SG Americas Securities LLC Sells 94,723 Shares of Teradyne, Inc. $TER

SG Americas Securities LLC trimmed its stake in Teradyne, Inc. (NASDAQ:TER) by 95.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,777 shares of the company’s stock after selling 94,723 shares during the period. SG Americas Securities LLC’s holdings in Teradyne were worth $658,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC increased its position in shares of Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after purchasing an additional 468 shares in the last quarter. Caxton Associates LLP acquired a new position in Teradyne in the first quarter valued at about $297,000. Diversified Trust Co acquired a new stake in shares of Teradyne during the second quarter worth approximately $469,000. UMB Bank n.a. raised its stake in shares of Teradyne by 250.8% in the second quarter. UMB Bank n.a. now owns 2,112 shares of the company’s stock valued at $190,000 after acquiring an additional 1,510 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Teradyne by 116.7% in the second quarter. Park Avenue Securities LLC now owns 6,598 shares of the company’s stock valued at $593,000 after acquiring an additional 3,553 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Trading Up 3.5%

Shares of NASDAQ TER opened at $231.89 on Thursday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $238.92. The firm’s 50-day moving average is $197.25 and its 200-day moving average is $150.48. The firm has a market capitalization of $36.32 billion, a PE ratio of 84.32, a price-to-earnings-growth ratio of 1.61 and a beta of 1.84.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The business had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. During the same period in the previous year, the firm posted $0.90 earnings per share. Teradyne’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, November 24th. Teradyne’s dividend payout ratio is currently 17.45%.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TER. Stifel Nicolaus increased their price target on Teradyne from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Morgan Stanley increased their target price on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Evercore ISI lifted their price target on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. The Goldman Sachs Group raised shares of Teradyne from a “sell” rating to a “buy” rating and increased their price objective for the stock from $148.00 to $230.00 in a report on Monday, December 15th. Finally, Robert W. Baird set a $195.00 price objective on shares of Teradyne in a research report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.44.

Teradyne Company Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.