Chevy Chase Trust Holdings LLC raised its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,533 shares of the company’s stock after acquiring an additional 175 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Teradyne were worth $13,086,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Berbice Capital Management LLC increased its holdings in shares of Teradyne by 200.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after buying an additional 140 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Teradyne by 189.9% in the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock worth $38,000 after acquiring an additional 302 shares during the period. Steph & Co. purchased a new stake in shares of Teradyne during the 2nd quarter worth about $43,000. Finally, Bayforest Capital Ltd grew its position in shares of Teradyne by 195.5% during the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock valued at $47,000 after acquiring an additional 346 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Teradyne Stock Down 0.8%
Shares of TER opened at $138.16 on Monday. The firm’s fifty day moving average is $124.66 and its two-hundred day moving average is $98.83. The stock has a market cap of $21.98 billion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 2.90 and a beta of 1.82. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $150.71.
Teradyne Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 5th were given a dividend of $0.12 per share. The ex-dividend date was Friday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Teradyne’s dividend payout ratio (DPR) is presently 16.61%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. Morgan Stanley upped their price target on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Northland Securities set a $161.00 target price on Teradyne in a research report on Tuesday, October 7th. Cowen reissued a “buy” rating on shares of Teradyne in a research note on Wednesday, July 30th. Finally, Susquehanna boosted their price target on shares of Teradyne from $133.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.93.
View Our Latest Report on Teradyne
Insiders Place Their Bets
In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $145.24, for a total value of $160,925.92. Following the completion of the sale, the chief executive officer directly owned 94,777 shares in the company, valued at $13,765,411.48. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 3,324 shares of company stock worth $411,954 over the last quarter. Insiders own 0.16% of the company’s stock.
Teradyne Company 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.
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