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

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

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in 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 buying an additional 516,332 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of 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 acquiring an additional 652,175 shares during the period. Invesco Ltd. grew its holdings in shares of 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 in the last quarter. ARK Investment Management LLC increased its position in shares of Teradyne by 16.7% in the first 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. increased its position in shares of Teradyne by 188.8% in the first quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company’s stock worth $173,943,000 after purchasing an additional 1,376,631 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

Shares of Teradyne stock opened at $163.72 on Wednesday. The company’s 50 day moving average price is $147.31 and its two-hundred day moving average price is $113.41. The firm has a market capitalization of $25.64 billion, a P/E ratio of 59.53, a P/E/G ratio of 3.64 and a beta of 1.90. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $191.56.

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

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders 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 dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total value of $199,661.60. Following the completion of the transaction, the chief executive officer owned 94,517 shares of the company’s stock, valued at $17,031,963.40. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 3,324 shares of company stock worth $494,318 in the last quarter. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price objective on shares of Teradyne in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price objective on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. UBS Group upped their target price on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Stifel Nicolaus raised their target price on Teradyne from $119.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 28th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $171.25.

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.