Raymond James Trust N.A. Boosts Stock Position in Teradyne, Inc. (NASDAQ:TER)

Raymond James Trust N.A. increased its stake in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,973 shares of the company’s stock after purchasing an additional 584 shares during the quarter. Raymond James Trust N.A.’s holdings in Teradyne were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. Cornerstone Planning Group LLC purchased a new stake in Teradyne in the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Teradyne during the 3rd quarter worth approximately $27,000. Venturi Wealth Management LLC purchased a new stake in Teradyne during the 3rd quarter worth approximately $36,000. NBC Securities Inc. purchased a new stake in Teradyne during the 3rd quarter worth approximately $37,000. Finally, Farther Finance Advisors LLC increased its holdings in Teradyne by 145.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 423 shares of the company’s stock worth $47,000 after purchasing an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TER shares. Bank of America reiterated an “underperform” rating and issued a $100.00 price target on shares of Teradyne in a report on Friday, December 15th. JPMorgan Chase & Co. upgraded Teradyne from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $90.00 to $100.00 in a research report on Thursday, February 15th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price target on shares of Teradyne in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus price target of $111.00.

Read Our Latest Analysis on TER

Teradyne Stock Performance

TER opened at $108.90 on Tuesday. The company has a market cap of $16.67 billion, a PE ratio of 39.89 and a beta of 1.55. The stock has a 50-day moving average of $103.78 and a 200-day moving average of $99.11. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $119.20.

Teradyne (NASDAQ:TERGet Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The firm had revenue of $670.60 million during the quarter, compared to the consensus estimate of $674.99 million. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts predict that Teradyne, Inc. will post 2.95 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. This is a boost from Teradyne’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 15th. Teradyne’s dividend payout ratio (DPR) is currently 17.58%.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 1,083 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total transaction of $120,158.85. Following the completion of the sale, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Sanjay Mehta sold 1,083 shares of Teradyne stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the completion of the sale, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Burns sold 1,744 shares of Teradyne stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total value of $182,928.16. Following the completion of the sale, the insider now directly owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The disclosure for this sale can be found here. Insiders sold 11,797 shares of company stock valued at $1,248,237 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Teradyne Profile

(Free Report)

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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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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