Prospera Financial Services Inc bought a new stake in Teradyne, Inc. (NASDAQ:TER – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 10,015 shares of the company’s stock, valued at approximately $901,000.
A number of other institutional investors also recently modified their holdings of the business. RWA Wealth Partners LLC lifted its position in shares of Teradyne by 5.5% during the 2nd quarter. RWA Wealth Partners LLC now owns 27,307 shares of the company’s stock worth $2,455,000 after buying an additional 1,423 shares during the last quarter. AGF Management Ltd. bought a new position in Teradyne in the second quarter valued at about $207,000. Fox Run Management L.L.C. acquired a new position in Teradyne during the second quarter worth about $950,000. Penserra Capital Management LLC lifted its holdings in shares of Teradyne by 62.8% in the second quarter. Penserra Capital Management LLC now owns 222,836 shares of the company’s stock worth $20,037,000 after acquiring an additional 85,997 shares during the last quarter. Finally, Andra AP fonden lifted its holdings in shares of Teradyne by 98.8% in the second quarter. Andra AP fonden now owns 433,524 shares of the company’s stock worth $38,982,000 after acquiring an additional 215,400 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Stock Up 1.2%
Shares of Teradyne stock opened at $179.27 on Thursday. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $191.56. The stock has a market cap of $28.08 billion, a price-to-earnings ratio of 65.19, a P/E/G ratio of 3.64 and a beta of 1.90. The company’s fifty day moving average is $143.37 and its 200 day moving average is $110.55.
Teradyne Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be given 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 is Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is 17.45%.
Insider Activity at Teradyne
In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 2,216 shares of company stock valued at $294,656 over the last quarter. 0.16% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on TER shares. Cowen reiterated a “buy” rating on shares of Teradyne in a research report on Wednesday, July 30th. Evercore ISI upped their price target on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. UBS Group increased their price target on Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Citigroup boosted their price objective on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley upped their target price on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $171.25.
Check Out 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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