Bayforest Capital Ltd raised its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 195.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 523 shares of the company’s stock after buying an additional 346 shares during the quarter. Bayforest Capital Ltd’s holdings in Teradyne were worth $47,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Fulton Bank N.A. increased its stake in Teradyne by 4.3% in the 2nd quarter. Fulton Bank N.A. now owns 2,722 shares of the company’s stock valued at $245,000 after buying an additional 113 shares during the period. HighTower Advisors LLC increased its stake in Teradyne by 1.0% in the 1st quarter. HighTower Advisors LLC now owns 12,528 shares of the company’s stock valued at $1,035,000 after buying an additional 124 shares during the period. Manchester Capital Management LLC increased its stake in Teradyne by 44.7% in the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the period. Federation des caisses Desjardins du Quebec increased its stake in Teradyne by 0.3% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 51,076 shares of the company’s stock valued at $4,219,000 after buying an additional 166 shares during the period. Finally, Berbice Capital Management LLC increased its stake in Teradyne by 200.0% in the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Stock Down 0.8%
Shares of TER opened at $138.16 on Friday. The company’s fifty day moving average is $124.66 and its 200-day moving average is $98.56. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $150.71. The firm has a market cap of $21.98 billion, a price-to-earnings ratio of 47.81, a price-to-earnings-growth ratio of 2.92 and a beta of 1.82.
Teradyne Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 5th. Teradyne’s dividend payout ratio is currently 16.61%.
Insider Activity
In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction on Friday, October 10th. The shares were 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 3,324 shares of company stock worth $411,954. 0.16% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Teradyne from $100.00 to $119.00 and gave the company a “hold” rating in a research note on Monday. Wall Street Zen upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Northland Securities set a $161.00 price target on shares of Teradyne in a research note on Tuesday, October 7th. The Goldman Sachs Group increased their price target on shares of Teradyne from $85.00 to $130.00 and gave the stock a “sell” rating in a research note on Thursday, October 9th. Finally, Susquehanna increased their price target on shares of Teradyne from $133.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average price target of $124.93.
Get Our Latest Stock Analysis on TER
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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