Praxis Investment Management Inc. trimmed its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 36.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,960 shares of the company’s stock after selling 1,710 shares during the period. Praxis Investment Management Inc.’s holdings in Teradyne were worth $266,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC lifted its stake in shares of Teradyne by 29.8% during the 1st quarter. DAVENPORT & Co LLC now owns 5,094 shares of the company’s stock worth $421,000 after acquiring an additional 1,170 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Teradyne by 17.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock worth $11,893,000 after acquiring an additional 21,219 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Teradyne by 116.7% during the 2nd quarter. Park Avenue Securities LLC now owns 6,598 shares of the company’s stock worth $593,000 after acquiring an additional 3,553 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Teradyne by 6.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 4,328 shares of the company’s stock worth $357,000 after acquiring an additional 261 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Teradyne by 36.2% during the 1st quarter. Advisors Asset Management Inc. now owns 9,395 shares of the company’s stock worth $776,000 after acquiring an additional 2,498 shares during the last quarter. 99.77% of the stock is owned by institutional investors.
Teradyne Trading Down 0.8%
Shares of TER stock opened at $138.16 on Friday. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $150.71. The stock has a market capitalization of $21.98 billion, a price-to-earnings ratio of 47.81, a P/E/G ratio of 2.90 and a beta of 1.82. The stock has a fifty day simple moving average of $124.66 and a two-hundred day simple moving average of $98.66.
Teradyne Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 5th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, September 5th. Teradyne’s dividend payout ratio is 16.61%.
Insider Buying and Selling at Teradyne
In related 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 transaction 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 document filed with the SEC, which is available through this link. In the last three months, insiders sold 3,324 shares of company stock worth $411,954. Corporate insiders own 0.16% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their price target on Teradyne from $85.00 to $130.00 and gave the stock a “sell” rating in a research note on Thursday, October 9th. Cowen restated a “buy” rating on shares of Teradyne in a report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 target price (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Finally, Susquehanna upped their target price on 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 issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.93.
View Our Latest Stock Analysis on TER
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.
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