Prospera Financial Services Inc Lowers Holdings in Teradyne, Inc. (NASDAQ:TER)

Prospera Financial Services Inc reduced its position in Teradyne, Inc. (NASDAQ:TERGet Rating) by 15.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,947 shares of the company’s stock after selling 361 shares during the period. Prospera Financial Services Inc’s holdings in Teradyne were worth $175,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TER. Kestra Advisory Services LLC lifted its stake in shares of Teradyne by 20.8% in the 1st quarter. Kestra Advisory Services LLC now owns 3,706 shares of the company’s stock valued at $438,000 after purchasing an additional 639 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Teradyne by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,917 shares of the company’s stock worth $817,000 after acquiring an additional 141 shares in the last quarter. Comerica Bank lifted its position in Teradyne by 1.2% during the 1st quarter. Comerica Bank now owns 39,702 shares of the company’s stock worth $4,483,000 after acquiring an additional 473 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Teradyne by 8.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 15,825 shares of the company’s stock worth $1,871,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Teradyne by 42.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 24,149 shares of the company’s stock worth $2,855,000 after acquiring an additional 7,246 shares in the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Teradyne Trading Up 3.2 %

Shares of TER stock opened at $96.31 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.59 and a current ratio of 3.03. Teradyne, Inc. has a 1 year low of $67.81 and a 1 year high of $168.91. The stock has a fifty day moving average of $78.74 and a two-hundred day moving average of $88.82. The firm has a market capitalization of $15.00 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 5.48 and a beta of 1.50.

Teradyne (NASDAQ:TERGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. Teradyne had a return on equity of 33.39% and a net margin of 23.38%. The company had revenue of $827.07 million during the quarter, compared to analyst estimates of $800.20 million. During the same quarter in the previous year, the firm posted $1.59 EPS. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. As a group, research analysts expect that Teradyne, Inc. will post 4.07 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on TER. Susquehanna boosted their price target on Teradyne from $83.00 to $100.00 in a research report on Thursday, October 27th. ATB Capital cut their target price on Teradyne to $8.00 in a research report on Friday, August 12th. Citigroup cut their target price on Teradyne from $130.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Morgan Stanley cut their target price on Teradyne from $116.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 27th. Finally, DA Davidson cut their target price on Teradyne from $120.00 to $105.00 in a research report on Thursday, October 27th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $94.65.

Insider Activity

In other news, insider Brad Robbins sold 3,144 shares of the company’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $75.84, for a total value of $238,440.96. Following the completion of the sale, the insider now owns 44,755 shares in the company, valued at $3,394,219.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.36% of the company’s stock.

Teradyne Company Profile

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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