Teradyne, Inc. $TER Position Cut by Curated Wealth Partners LLC

Curated Wealth Partners LLC trimmed its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 99.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,628 shares of the company’s stock after selling 1,008,081 shares during the period. Curated Wealth Partners LLC’s holdings in Teradyne were worth $1,054,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Purus Wealth Management LLC lifted its holdings in Teradyne by 0.3% in the 3rd quarter. Purus Wealth Management LLC now owns 11,145 shares of the company’s stock worth $4,468,000 after purchasing an additional 35 shares during the last quarter. VMS Asset Management Limited boosted its position in Teradyne by 96.1% during the third quarter. VMS Asset Management Limited now owns 19,516 shares of the company’s stock worth $7,824,000 after purchasing an additional 9,565 shares during the period. Ashurst Perkins Coie Trust Co acquired a new position in Teradyne during the third quarter valued at approximately $176,000. Mather Group LLC. grew its holdings in Teradyne by 7.9% during the third quarter. Mather Group LLC. now owns 3,017 shares of the company’s stock valued at $1,210,000 after purchasing an additional 220 shares during the last quarter. Finally, Fortune 45 LLC grew its holdings in Teradyne by 13.2% during the third quarter. Fortune 45 LLC now owns 2,459 shares of the company’s stock valued at $986,000 after purchasing an additional 286 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TER has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Wall Street Zen downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a report on Monday, September 28th. Bank of America raised their target price on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Finally, Zacks Research downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total transaction of $1,351,320.00. Following the sale, the chief executive officer owned 108,495 shares of the company’s stock, valued at approximately $36,652,865.85. This trade represents a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Shares of TER traded down $23.75 during mid-day trading on Thursday, hitting $335.69. The company’s stock had a trading volume of 1,604,950 shares, compared to its average volume of 3,523,377. The stock’s 50-day moving average is $381.97 and its two-hundred day moving average is $373.85. The firm has a market capitalization of $52.48 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.75. Teradyne, Inc. has a one year low of $135.83 and a one year high of $487.91.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Teradyne’s revenue was up 103.9% compared to the same quarter last year. Analysts expect that Teradyne, Inc. will post 9.11 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were given a $0.13 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

Teradyne Profile

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.