Raymond James Trust N.A. Buys Shares of 2,171 Teradyne, Inc. (NASDAQ:TER)

Posted by Defense World Staff on Aug 3rd, 2023

Raymond James Trust N.A. bought a new stake in Teradyne, Inc. (NASDAQ:TER – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,171 shares of the company’s stock, valued at approximately $233,000.

A number of other large investors have also recently modified their holdings of TER. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Teradyne during the 1st quarter valued at $220,000. Exchange Capital Management Inc. acquired a new stake in shares of Teradyne during the 1st quarter valued at $239,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Teradyne by 5.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,154 shares of the company’s stock valued at $339,000 after acquiring an additional 155 shares in the last quarter. Reynders McVeigh Capital Management LLC boosted its holdings in shares of Teradyne by 16.2% during the 1st quarter. Reynders McVeigh Capital Management LLC now owns 120,110 shares of the company’s stock valued at $12,913,000 after acquiring an additional 16,721 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Teradyne during the 1st quarter valued at $409,000. Institutional investors and hedge funds own 99.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TER. Deutsche Bank Aktiengesellschaft cut their price objective on Teradyne from $95.00 to $90.00 in a report on Friday, April 28th. KeyCorp raised their target price on Teradyne from $117.00 to $140.00 in a research report on Tuesday, July 18th. Northland Securities lowered their target price on Teradyne from $97.00 to $87.00 in a research report on Friday, April 28th. Robert W. Baird raised their target price on Teradyne from $104.00 to $115.00 in a research report on Friday, July 28th. Finally, JPMorgan Chase & Co. lowered Teradyne from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $90.00 to $81.00 in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Hold” and a consensus price target of $94.41.

Check Out Our Latest Research Report on TER

Insider Buying and Selling

In related news, insider Richard John Burns sold 1,093 shares of Teradyne stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $90.95, for a total value of $99,408.35. Following the sale, the insider now owns 17,168 shares of the company’s stock, valued at approximately $1,561,429.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Teradyne news, Director Mercedes Johnson sold 750 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $115.00, for a total transaction of $86,250.00. Following the sale, the director now owns 17,767 shares of the company’s stock, valued at approximately $2,043,205. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard John Burns sold 1,093 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $90.95, for a total transaction of $99,408.35. Following the sale, the insider now directly owns 17,168 shares in the company, valued at approximately $1,561,429.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,513 shares of company stock valued at $578,121. 0.36% of the stock is owned by company insiders.

Teradyne Stock Down 3.1 %

Shares of NASDAQ TER opened at $107.80 on Thursday. Teradyne, Inc. has a twelve month low of $67.81 and a twelve month high of $119.20. The stock’s 50 day moving average price is $108.97 and its 200-day moving average price is $103.61. The company has a market capitalization of $16.71 billion, a PE ratio of 31.99, a PEG ratio of 5.29 and a beta of 1.51.

Teradyne (NASDAQ:TER – Get Free Report) last announced its earnings results on Wednesday, July 26th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13. Teradyne had a return on equity of 23.37% and a net margin of 19.55%. The firm had revenue of $684.00 million for the quarter, compared to the consensus estimate of $656.94 million. During the same quarter in the previous year, the business earned $1.21 EPS. The company’s revenue was down 18.7% compared to the same quarter last year. As a group, research analysts expect that Teradyne, Inc. will post 2.84 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Wednesday, May 24th were issued a $0.11 dividend. The ex-dividend date was Tuesday, May 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 13.06%.

About Teradyne

(Free Report)

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.