Aviva PLC Has $75,000 Stake in Teradyne, Inc. (NASDAQ:TER)

Posted by Defense World Staff on Mar 1st, 2023

Aviva PLC trimmed its holdings in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 36.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,543 shares of the company’s stock after selling 22,885 shares during the period. Aviva PLC’s holdings in Teradyne were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Teradyne during the third quarter worth approximately $37,000. Larson Financial Group LLC acquired a new stake in shares of Teradyne in the 2nd quarter valued at $38,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Teradyne by 47.5% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 590 shares of the company’s stock valued at $44,000 after purchasing an additional 190 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Teradyne by 231.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 620 shares of the company’s stock valued at $73,000 after purchasing an additional 433 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Teradyne during the 2nd quarter valued at $81,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Up 0.2 %

NASDAQ TER opened at $101.14 on Wednesday. The firm has a 50-day moving average price of $98.47 and a 200 day moving average price of $89.03. Teradyne, Inc. has a 52-week low of $67.81 and a 52-week high of $127.29. The stock has a market capitalization of $15.78 billion, a P/E ratio of 23.97, a P/E/G ratio of 4.52 and a beta of 1.54.

Teradyne (NASDAQ:TER – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.75 by $0.17. Teradyne had a net margin of 22.68% and a return on equity of 30.09%. The business had revenue of $731.84 million for the quarter, compared to analyst estimates of $711.84 million. During the same period in the prior year, the business earned $1.37 earnings per share. The company’s quarterly revenue was down 17.3% on a year-over-year basis. On average, equities research analysts expect that Teradyne, Inc. will post 2.97 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 17th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, February 16th. Teradyne’s dividend payout ratio is presently 10.43%.

Wall Street Analyst Weigh In

TER has been the subject of several analyst reports. Morgan Stanley raised their target price on Teradyne from $92.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Friday, January 27th. Jefferies Financial Group assumed coverage on Teradyne in a research report on Thursday, January 12th. They issued a “buy” rating for the company. Citigroup lifted their price target on Teradyne from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Sunday, February 5th. TheStreet raised shares of Teradyne from a “c+” rating to a “b-” rating in a report on Tuesday, January 24th. Finally, Loop Capital cut shares of Teradyne from a “buy” rating to a “hold” rating and decreased their price target for the stock from $110.00 to $102.00 in a report on Friday, January 27th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.52.

Insider Buying and Selling

In other Teradyne news, Director Mercedes Johnson sold 750 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $75,000.00. Following the completion of the transaction, the director now directly owns 19,737 shares of the company’s stock, valued at approximately $1,973,700. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Mercedes Johnson sold 750 shares of Teradyne stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $75,000.00. Following the sale, the director now directly owns 19,737 shares in the company, valued at approximately $1,973,700. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mark E. Jagiela sold 67,631 shares of the business’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $87.60, for a total transaction of $5,924,475.60. Following the sale, the chief executive officer now owns 167,104 shares in the company, valued at $14,638,310.40. The disclosure for this sale can be found here. Insiders have sold 82,847 shares of company stock valued at $7,452,053 in the last quarter. Company insiders own 0.36% of the company’s stock.

Teradyne Profile

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Teradyne, Inc engages in the development and sale of automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, Wireless Test, and Corporate and Other. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.