Truist Financial Corp Cuts Position in Teradyne, Inc. (NASDAQ:TER)

Truist Financial Corp lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,846 shares of the company’s stock after selling 169 shares during the quarter. Truist Financial Corp’s holdings in Teradyne were worth $7,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TER. Cornerstone Planning Group LLC bought a new position in shares of Teradyne during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Teradyne during the 3rd quarter worth approximately $27,000. CVA Family Office LLC bought a new position in shares of Teradyne during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC bought a new position in shares of Teradyne during the 3rd quarter worth approximately $36,000. Finally, NBC Securities Inc. bought a new position in shares of Teradyne during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 2.6 %

TER stock opened at $120.44 on Friday. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $121.86. The company’s 50 day moving average is $106.84 and its two-hundred day moving average is $101.03. The stock has a market cap of $18.42 billion, a P/E ratio of 45.79 and a beta of 1.50.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. On average, equities research analysts predict that Teradyne, Inc. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on TER. The Goldman Sachs Group upped their price target on shares of Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Robert W. Baird upped their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. Finally, Susquehanna upped their price objective on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $117.83.

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.