First American Trust FSB Has $327,000 Stake in Teradyne, Inc. $TER

First American Trust FSB reduced its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 27.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,633 shares of the company’s stock after selling 1,342 shares during the period. First American Trust FSB’s holdings in Teradyne were worth $327,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TER. Vanguard Group Inc. raised its position in shares of Teradyne by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company’s stock worth $1,728,176,000 after acquiring an additional 516,332 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Teradyne by 26.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock valued at $286,634,000 after purchasing an additional 652,175 shares during the period. Invesco Ltd. raised its holdings in Teradyne by 16.1% during the 1st quarter. Invesco Ltd. now owns 2,790,898 shares of the company’s stock worth $230,528,000 after purchasing an additional 387,705 shares during the last quarter. ARK Investment Management LLC lifted its position in shares of Teradyne by 16.7% in the 1st quarter. ARK Investment Management LLC now owns 2,243,590 shares of the company’s stock worth $185,321,000 after purchasing an additional 320,580 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Teradyne by 188.8% in the 1st quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company’s stock valued at $173,943,000 after purchasing an additional 1,376,631 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of Teradyne stock opened at $163.72 on Wednesday. The business has a 50-day simple moving average of $147.31 and a 200 day simple moving average of $113.41. Teradyne, Inc. has a one year low of $65.77 and a one year high of $191.56. The firm has a market capitalization of $25.64 billion, a price-to-earnings ratio of 59.53, a PEG ratio of 3.64 and a beta of 1.90.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. During the same quarter in the prior year, the company earned $0.90 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, November 24th. Teradyne’s payout ratio is 17.45%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TER. UBS Group lifted their target price on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Industrial Alliance Securities set a $175.00 target price on Teradyne in a research note on Tuesday, October 28th. Finally, Evercore ISI boosted their price target on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $171.25.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total value of $199,661.60. Following the transaction, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 3,324 shares of company stock worth $494,318. Insiders own 0.16% of the company’s stock.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.