teradyne-inc-logo.PNG

Comerica Bank Reduces Stock Holdings in Teradyne, Inc. (NASDAQ:TER)


Comerica Bank reduced its stake in shares of Teradyne, Inc. (NASDAQ:TERGet Rating) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,370 shares of the company’s stock after selling 305 shares during the quarter. Comerica Bank’s holdings in Teradyne were worth $2,584,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. West Family Investments Inc. raised its holdings in shares of Teradyne by 6.8% during the 1st quarter. West Family Investments Inc. now owns 1,800 shares of the company’s stock valued at $213,000 after buying an additional 115 shares during the period. Lindbrook Capital LLC grew its stake in Teradyne by 26.0% during the 2nd quarter. Lindbrook Capital LLC now owns 692 shares of the company’s stock valued at $62,000 after purchasing an additional 143 shares in the last quarter. Calton & Associates Inc. grew its stake in Teradyne by 3.4% during the 2nd quarter. Calton & Associates Inc. now owns 4,575 shares of the company’s stock valued at $409,000 after purchasing an additional 150 shares in the last quarter. Covestor Ltd grew its stake in Teradyne by 27.4% during the 1st quarter. Covestor Ltd now owns 720 shares of the company’s stock valued at $85,000 after purchasing an additional 155 shares in the last quarter. Finally, Mastrapasqua Asset Management Inc. grew its stake in Teradyne by 0.8% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 21,209 shares of the company’s stock valued at $1,594,000 after purchasing an additional 163 shares in the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Mark E. Jagiela sold 67,631 shares of Teradyne stock in a transaction on 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 of the company’s stock, valued at approximately $14,638,310.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by company insiders.

Teradyne Price Performance

Shares of Teradyne stock opened at $96.64 on Wednesday. The firm’s fifty day simple moving average is $91.18. The company has a quick ratio of 2.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.02. The company has a market cap of $15.05 billion, a P/E ratio of 21.62, a P/E/G ratio of 5.91 and a beta of 1.52. Teradyne, Inc. has a 1-year low of $67.81 and a 1-year high of $161.59.

Teradyne (NASDAQ:TERGet Rating) last announced its earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.11. The firm had revenue of $827.07 million for the quarter, compared to the consensus estimate of $800.20 million. Teradyne had a return on equity of 33.39% and a net margin of 23.38%. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 EPS. On average, research analysts expect that Teradyne, Inc. will post 4.07 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 21st. Shareholders of record on Monday, November 28th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.46%. The ex-dividend date was Friday, November 25th. Teradyne’s payout ratio is currently 9.84%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TER. Northland Securities lowered their price objective on Teradyne from $85.00 to $74.00 and set a “market perform” rating for the company in a research note on Monday, October 17th. Evercore ISI set a $110.00 price objective on Teradyne in a research note on Wednesday, November 23rd. Jefferies Financial Group started coverage on Teradyne in a research note on Thursday, January 12th. They set a “buy” rating for the company. Cowen decreased their target price on Teradyne to $110.00 in a research report on Thursday, October 27th. Finally, JPMorgan Chase & Co. decreased their target price on Teradyne from $105.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, October 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.20.

About Teradyne

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TERGet Rating).

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)



Receive News & Ratings for Teradyne Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Teradyne and related companies with MarketBeat.com’s FREE daily email newsletter.


Source link

Tags: No tags

Leave A Comment

Your email address will not be published. Required fields are marked *