Envestnet Asset Management Inc. decreased its stake in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 244,359 shares of the company’s stock after selling 7,612 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Teradyne worth $26,271,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of TER. Blair William & Co. IL boosted its position in Teradyne by 0.8% in the fourth quarter. Blair William & Co. IL now owns 12,932 shares of the company’s stock worth $1,130,000 after purchasing an additional 103 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in Teradyne by 2.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 4,021 shares of the company’s stock worth $432,000 after purchasing an additional 106 shares during the last quarter. Czech National Bank boosted its position in Teradyne by 0.6% in the first quarter. Czech National Bank now owns 18,349 shares of the company’s stock worth $1,973,000 after purchasing an additional 115 shares during the last quarter. West Family Investments Inc. boosted its position in Teradyne by 6.8% in the first quarter. West Family Investments Inc. now owns 1,800 shares of the company’s stock worth $213,000 after purchasing an additional 115 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in Teradyne by 51.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 405 shares of the company’s stock worth $44,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Teradyne Price Performance
NASDAQ:TER opened at $107.37 on Thursday. The business’s 50-day moving average price is $108.55 and its two-hundred day moving average price is $103.87. Teradyne, Inc. has a twelve month low of $67.81 and a twelve month high of $119.20. The stock has a market cap of $16.54 billion, a P/E ratio of 31.86, a PEG ratio of 4.98 and a beta of 1.51.
Teradyne Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 1st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.41%. Teradyne’s dividend payout ratio is 13.06%.
Insider Activity at Teradyne
In related news, CFO Sanjay Mehta sold 24,571 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $103.30, for a total transaction of $2,538,184.30. Following the transaction, the chief financial officer now directly owns 38,154 shares of the company’s stock, valued at approximately $3,941,308.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Sanjay Mehta sold 24,571 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $103.30, for a total transaction of $2,538,184.30. Following the transaction, the chief financial officer now directly owns 38,154 shares of the company’s stock, valued at approximately $3,941,308.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brad Robbins sold 2,170 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $108.72, for a total value of $235,922.40. Following the transaction, the insider now owns 51,467 shares in the company, valued at $5,595,492.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,241 shares of company stock valued at $2,941,897. Corporate insiders own 0.36% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on TER shares. Morgan Stanley boosted their price objective on Teradyne from $91.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Monday, July 31st. TheStreet raised Teradyne from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. KeyCorp upped their price target on Teradyne from $117.00 to $140.00 in a research report on Tuesday, July 18th. StockNews.com started coverage on Teradyne in a research report on Wednesday, August 23rd. They set a “hold” rating on the stock. Finally, Citigroup upped their price target on Teradyne from $125.00 to $127.00 in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and a consensus price target of $106.27.
Teradyne Profile
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.
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