Axxcess Wealth Management LLC Sells 4,279 Shares of Teradyne, Inc. (NASDAQ:TER)

Axxcess Wealth Management LLC cut its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 58.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,065 shares of the company's stock after selling 4,279 shares during the period. Axxcess Wealth Management LLC's holdings in Teradyne were worth $253,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TER. Strategic Investment Solutions Inc. IL purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $34,000. AllSquare Wealth Management LLC increased its position in Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after buying an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Teradyne during the fourth quarter valued at $45,000. Sentry Investment Management LLC bought a new stake in Teradyne in the first quarter worth $45,000. Finally, AdvisorNet Financial Inc boosted its holdings in Teradyne by 319.0% in the first quarter. AdvisorNet Financial Inc now owns 595 shares of the company's stock worth $49,000 after acquiring an additional 453 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Down 1.6%

NASDAQ TER opened at $97.05 on Monday. The company has a 50-day moving average price of $84.97 and a 200-day moving average price of $96.40. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $163.21. The firm has a market capitalization of $15.57 billion, a P/E ratio of 27.42, a PEG ratio of 4.23 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The business had revenue of $685.70 million during the quarter, compared to analysts' expectations of $680.54 million. During the same period in the prior year, the company earned $0.51 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne declared that its board has approved a stock repurchase program on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 0.49%. Teradyne's dividend payout ratio (DPR) is presently 13.56%.

Wall Street Analysts Forecast Growth

TER has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on Teradyne in a research report on Thursday. They issued a "sell" rating and a $80.00 price target for the company. Morgan Stanley lifted their target price on shares of Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday, July 9th. KeyCorp reiterated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Cantor Fitzgerald set a $105.00 price target on shares of Teradyne and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Teradyne from $120.00 to $92.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Teradyne has an average rating of "Moderate Buy" and an average price target of $112.50.

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.

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