Voya Investment Management LLC decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 101,020 shares of the company’s stock after selling 8,481 shares during the period. Voya Investment Management LLC owned approximately 0.06% of Teradyne worth $8,344,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of TER. Berbice Capital Management LLC increased its stake in Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Teradyne by 44.7% during the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Teradyne by 189.9% in the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock valued at $38,000 after acquiring an additional 302 shares during the period. Sentry Investment Management LLC purchased a new position in Teradyne in the 1st quarter worth $45,000. Finally, AdvisorNet Financial Inc lifted its position in Teradyne by 319.0% during the 1st quarter. AdvisorNet Financial Inc now owns 595 shares of the company’s stock worth $49,000 after acquiring an additional 453 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.
Teradyne Stock Performance
Shares of Teradyne stock opened at $114.32 on Thursday. The firm has a 50-day simple moving average of $107.47 and a two-hundred day simple moving average of $91.77. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $144.16. The company has a market cap of $18.18 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 2.40 and a beta of 1.80.
Teradyne Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 5th. Teradyne’s dividend payout ratio is presently 16.61%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on TER. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price objective (up from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. The Goldman Sachs Group reissued a “sell” rating and set a $85.00 price target on shares of Teradyne in a research report on Wednesday, July 30th. Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the company an “overweight” rating in a report on Tuesday, June 24th. Cowen reissued a “buy” rating on shares of Teradyne in a report on Wednesday, July 30th. Finally, UBS Group restated a “buy” rating and set a $130.00 target price (up from $120.00) on shares of Teradyne in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.44.
Get Our Latest Analysis on TER
Insider Activity
In related news, CEO Gregory Stephen Smith sold 554 shares of Teradyne stock in a transaction on Friday, September 12th. The shares were sold at an average price of $115.00, for a total value of $63,710.00. Following the sale, the chief executive officer owned 96,439 shares of the company’s stock, valued at approximately $11,090,485. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 1,662 shares of company stock worth $181,008. Company insiders own 0.16% of the company’s stock.
About Teradyne
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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