Prospera Financial Services Inc trimmed its holdings in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 60.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,971 shares of the company’s stock after selling 6,044 shares during the period. Prospera Financial Services Inc’s holdings in Teradyne were worth $547,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its position in Teradyne by 12.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after purchasing an additional 468 shares during the period. Caxton Associates LLP purchased a new position in shares of Teradyne during the 1st quarter valued at about $297,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Teradyne by 73.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after buying an additional 1,939 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Teradyne by 11.5% in the 2nd quarter. Nordea Investment Management AB now owns 15,561 shares of the company’s stock valued at $1,399,000 after buying an additional 1,610 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Teradyne in the second quarter worth about $1,906,000. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Stock Up 1.2%
TER opened at $314.66 on Tuesday. The company has a market cap of $49.28 billion, a price-to-earnings ratio of 90.42, a PEG ratio of 1.95 and a beta of 1.83. The firm’s fifty day simple moving average is $231.78 and its two-hundred day simple moving average is $173.54. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $327.99.
Teradyne Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 14.94%.
Insider Transactions at Teradyne
In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The shares were 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 in the company, valued at $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Evercore lifted their price target on Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Citigroup raised their price objective on shares of Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price target on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Cantor Fitzgerald raised their price target on shares of Teradyne from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $256.24.
Check Out Our Latest Research Report on Teradyne
Teradyne 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.
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