Cerity Partners LLC Sells 1,004 Shares of Teradyne, Inc. (NASDAQ:TER)

Posted by Defense World Staff on Sep 1st, 2023

Cerity Partners LLC decreased its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,075 shares of the company’s stock after selling 1,004 shares during the period. Cerity Partners LLC’s holdings in Teradyne were worth $1,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TER. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Teradyne by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,810 shares of the company’s stock valued at $2,579,000 after buying an additional 1,350 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Teradyne by 18.9% during the 1st quarter. Raymond James Trust N.A. now owns 3,066 shares of the company’s stock valued at $363,000 after buying an additional 488 shares in the last quarter. Cibc World Market Inc. grew its holdings in Teradyne by 3.3% during the 1st quarter. Cibc World Market Inc. now owns 6,009 shares of the company’s stock valued at $710,000 after buying an additional 193 shares in the last quarter. Sei Investments Co. grew its holdings in Teradyne by 32.7% during the 1st quarter. Sei Investments Co. now owns 124,149 shares of the company’s stock valued at $14,733,000 after buying an additional 30,565 shares in the last quarter. Finally, Prudential PLC purchased a new stake in Teradyne during the 1st quarter valued at approximately $382,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 0.6 %

NASDAQ TER opened at $107.87 on Friday. The company has a fifty day moving average of $108.55 and a two-hundred day moving average of $103.89. The firm has a market capitalization of $16.61 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 4.98 and a beta of 1.51. Teradyne, Inc. has a 52 week low of $67.81 and a 52 week high of $119.20.

Teradyne (NASDAQ:TER – Get Free Report) last released its earnings results on Wednesday, July 26th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.13. Teradyne had a return on equity of 23.37% and a net margin of 19.55%. The business had revenue of $684.00 million during the quarter, compared to the consensus estimate of $656.94 million. During the same period last year, the company earned $1.21 earnings per share. The business’s revenue for the quarter was down 18.7% compared to the same quarter last year. Equities research analysts anticipate that Teradyne, Inc. will post 2.83 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.41%. Teradyne’s dividend payout ratio (DPR) is 13.06%.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of research analyst reports. TheStreet raised shares of Teradyne from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. Citigroup raised their target price on shares of Teradyne from $125.00 to $127.00 in a report on Friday, July 28th. Robert W. Baird raised their target price on shares of Teradyne from $104.00 to $115.00 in a report on Friday, July 28th. KeyCorp raised their target price on shares of Teradyne from $117.00 to $140.00 in a report on Tuesday, July 18th. Finally, StockNews.com assumed coverage on shares of Teradyne in a report on Wednesday, August 23rd. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and an average target price of $106.27.

Get Our Latest Report on Teradyne

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 24,571 shares of Teradyne stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 38,154 shares in the company, valued at $3,941,308.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Sanjay Mehta sold 24,571 shares of Teradyne stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $103.30, for a total value of $2,538,184.30. Following the completion of the sale, the chief financial officer now directly owns 38,154 shares in the company, valued at $3,941,308.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 750 shares of Teradyne stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $108.72, for a total value of $81,540.00. Following the completion of the sale, the director now owns 18,517 shares of the company’s stock, valued at $2,013,168.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,241 shares of company stock worth $2,941,897. 0.36% of the stock is currently owned by insiders.

Teradyne Profile

(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.