United Services Automobile Association bought a new position in Teradyne, Inc. (NASDAQ:TER – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 3,812 shares of the company’s stock, valued at approximately $316,000.
Several other large investors have also bought and sold shares of the company. Snowden Capital Advisors LLC raised its holdings in Teradyne by 2.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock worth $472,000 after buying an additional 103 shares during the last quarter. HighTower Advisors LLC raised its holdings in Teradyne by 1.0% in the first quarter. HighTower Advisors LLC now owns 12,528 shares of the company’s stock worth $1,035,000 after buying an additional 124 shares during the last quarter. Manchester Capital Management LLC raised its holdings in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock worth $37,000 after buying an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Teradyne by 22.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 820 shares of the company’s stock worth $68,000 after buying an additional 149 shares during the last quarter. Finally, Heritage Family Offices LLP raised its holdings in Teradyne by 6.7% in the first quarter. Heritage Family Offices LLP now owns 2,568 shares of the company’s stock worth $212,000 after buying an additional 161 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.
Teradyne Stock Down 2.9%
Shares of TER stock opened at $112.24 on Friday. The company has a 50 day moving average price of $106.14 and a 200-day moving average price of $91.71. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $144.16. The firm has a market capitalization of $17.85 billion, a PE ratio of 38.84, a P/E/G ratio of 2.43 and a beta of 1.80.
Teradyne Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 5th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 5th. Teradyne’s payout ratio is 16.61%.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $85.00 target price on shares of Teradyne in a report on Wednesday, July 30th. UBS Group reaffirmed a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Teradyne in a report on Thursday, July 31st. Stifel Nicolaus lifted their price target on shares of Teradyne from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price target (up from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Finally, Wall Street Zen upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.44.
Read Our Latest Analysis on TER
Insider Transactions at Teradyne
In related news, CEO Gregory Stephen Smith sold 554 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $106.00, for a total transaction of $58,724.00. Following the completion of the sale, the chief executive officer directly owned 96,993 shares in the company, valued at approximately $10,281,258. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.
Teradyne Company 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.
Featured Stories
- Five stocks we like better than Teradyne
- What is the Dogs of the Dow Strategy? Overview and Examples
- Tesla’s U.S. Market Is At An 8-Year Low… How Bad Could It Get?
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Congress: The Biggest Trades Impacting Markets Today
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- 3 Companies Boosting Buybacks While Others Pull Back
Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER – Free Report).
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.