Xponance Inc. Sells 703 Shares of Teradyne, Inc. (NASDAQ:TER)

Posted by Defense World Staff on Sep 25th, 2023

Xponance Inc. decreased its stake in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,741 shares of the company’s stock after selling 703 shares during the quarter. Xponance Inc.’s holdings in Teradyne were worth $3,756,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. American Century Companies Inc. lifted its position in Teradyne by 2,456.0% in the fourth quarter. American Century Companies Inc. now owns 1,702,147 shares of the company’s stock worth $148,683,000 after purchasing an additional 1,635,552 shares during the period. FMR LLC lifted its holdings in shares of Teradyne by 15.3% during the 1st quarter. FMR LLC now owns 11,871,816 shares of the company’s stock worth $1,276,339,000 after acquiring an additional 1,577,214 shares during the period. Norges Bank acquired a new stake in shares of Teradyne during the 4th quarter valued at about $101,896,000. Balyasny Asset Management L.P. increased its stake in Teradyne by 739.3% in the first quarter. Balyasny Asset Management L.P. now owns 1,017,622 shares of the company’s stock valued at $109,405,000 after acquiring an additional 896,370 shares during the period. Finally, Boston Partners bought a new stake in Teradyne in the first quarter valued at about $91,011,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on TER

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 750 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $115.00, for a total value of $86,250.00. Following the transaction, the director now directly owns 17,767 shares in the company, valued at approximately $2,043,205. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 24,571 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were 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 owns 38,154 shares of the company’s stock, valued at $3,941,308.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 750 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $115.00, for a total transaction of $86,250.00. Following the completion of the sale, the director now owns 17,767 shares in the company, valued at $2,043,205. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

NASDAQ TER opened at $95.40 on Monday. Teradyne, Inc. has a 52 week low of $67.81 and a 52 week high of $119.20. The stock has a market capitalization of $14.69 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 4.54 and a beta of 1.53. The stock has a fifty day moving average of $105.48 and a 200-day moving average of $103.20.

Teradyne (NASDAQ:TER – Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $684.00 million during the quarter, compared to analysts’ expectations of $656.94 million. Teradyne had a return on equity of 23.37% and a net margin of 19.55%. The company’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 EPS. Equities research analysts forecast that Teradyne, Inc. will post 2.83 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Thursday, August 31st. Teradyne’s dividend payout ratio 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.