Toronto Dominion Bank Has $5.97 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Toronto Dominion Bank cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,939 shares of the company’s stock after selling 4,614 shares during the quarter. Toronto Dominion Bank’s holdings in Teradyne were worth $5,973,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after buying an additional 135,286 shares during the period. Van ECK Associates Corp lifted its stake in Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after buying an additional 453,926 shares during the period. Nordea Investment Management AB lifted its stake in Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after buying an additional 385,115 shares during the period. Boston Partners raised its position in shares of Teradyne by 23.2% during the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after purchasing an additional 544,482 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Teradyne by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock worth $246,210,000 after purchasing an additional 68,924 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TER has been the topic of a number of research reports. Evercore ISI initiated coverage on Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price on the stock. Northland Securities lowered their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research report on Friday. Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Citigroup lowered their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday. Finally, UBS Group upped their target price on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.50.

Teradyne Price Performance

Shares of Teradyne stock traded up $2.12 during trading hours on Friday, hitting $126.46. 2,617,182 shares of the company’s stock traded hands, compared to its average volume of 2,027,493. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21. The stock has a market capitalization of $19.74 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 2.33 and a beta of 1.50. The company has a fifty day simple moving average of $146.83 and a 200-day simple moving average of $121.24.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. During the same period last year, the firm posted $0.79 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast that Teradyne, Inc. will post 3.05 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Insider Buying and Selling

In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,005 shares of company stock valued at $1,304,763. 0.36% of the stock is owned by insiders.

Teradyne Profile

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.