Connectus Wealth LLC Sells 136 Shares of Teradyne, Inc. (NASDAQ:TER)

Connectus Wealth LLC decreased its position in shares of Teradyne, Inc. (NASDAQ:TERGet Rating) by 2.7% in the 1st quarter, HoldingsChannel reports. The firm owned 4,823 shares of the company’s stock after selling 136 shares during the quarter. Connectus Wealth LLC’s holdings in Teradyne were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TER. State of Michigan Retirement System lifted its holdings in shares of Teradyne by 0.3% in the first quarter. State of Michigan Retirement System now owns 44,335 shares of the company’s stock worth $5,242,000 after acquiring an additional 135 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Teradyne by 721.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,607 shares of the company’s stock worth $753,000 after acquiring an additional 4,046 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Teradyne by 73.3% in the first quarter. Park Avenue Securities LLC now owns 6,772 shares of the company’s stock worth $801,000 after acquiring an additional 2,864 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Teradyne by 20.8% in the first quarter. Kestra Advisory Services LLC now owns 3,706 shares of the company’s stock worth $438,000 after acquiring an additional 639 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Teradyne by 14.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 107,468 shares of the company’s stock valued at $17,574,000 after buying an additional 13,627 shares during the period. Institutional investors own 96.94% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $100.75 on Friday. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 6.00 and a beta of 1.51. Teradyne, Inc. has a 52 week low of $82.97 and a 52 week high of $168.91. The company has a quick ratio of 2.48, a current ratio of 2.85 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $96.74 and a 200-day moving average of $108.40.

Teradyne (NASDAQ:TERGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.14 by $0.07. Teradyne had a net margin of 24.67% and a return on equity of 36.06%. During the same quarter in the prior year, the business posted $1.91 earnings per share. On average, equities analysts forecast that Teradyne, Inc. will post 3.91 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Wednesday, May 25th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, May 24th. Teradyne’s dividend payout ratio is currently 9.21%.

Insider Buying and Selling

In related news, insider Brad Robbins sold 3,145 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $89.49, for a total value of $281,446.05. Following the transaction, the insider now directly owns 44,755 shares in the company, valued at approximately $4,005,124.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Teradyne news, CEO Mark E. Jagiela sold 37,857 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $100.20, for a total transaction of $3,793,271.40. Following the transaction, the chief executive officer now directly owns 234,735 shares in the company, valued at approximately $23,520,447. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brad Robbins sold 3,145 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $89.49, for a total value of $281,446.05. Following the transaction, the insider now owns 44,755 shares in the company, valued at $4,005,124.95. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

TER has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on Teradyne in a research note on Tuesday, July 5th. They issued a “neutral” rating and a $120.00 price objective for the company. Citigroup lowered their price objective on Teradyne from $130.00 to $112.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Northland Securities lowered their price objective on Teradyne from $90.00 to $85.00 in a research note on Thursday, July 28th. UBS Group lowered their price objective on Teradyne from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Finally, Loop Capital lowered their price objective on Teradyne from $158.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, June 28th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.55.

Teradyne Profile

(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.

Recommended Stories

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.