Truist Financial Corp Trims Stock Position in Teradyne, Inc. (NASDAQ:TER)

Truist Financial Corp lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 25.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 45,584 shares of the company’s stock after selling 15,772 shares during the period. Truist Financial Corp’s holdings in Teradyne were worth $5,740,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Teradyne in the 3rd quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in Teradyne in the 4th quarter worth approximately $33,000. Manchester Capital Management LLC grew its stake in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares in the last quarter. Coastline Trust Co purchased a new position in Teradyne in the 3rd quarter worth approximately $46,000. Finally, Brooklyn Investment Group purchased a new position in Teradyne in the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In related news, insider Richard John Burns sold 445 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the sale, the insider now directly owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. This represents a 1.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 in the last three months. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price objective on shares of Teradyne in a report on Thursday, January 30th. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. KeyCorp lowered their price target on shares of Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of Teradyne from $158.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley lowered shares of Teradyne from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.77.

Teradyne Trading Down 2.2 %

Shares of Teradyne stock opened at $115.91 on Friday. The company’s fifty day simple moving average is $124.99 and its two-hundred day simple moving average is $122.99. The company has a market cap of $18.88 billion, a P/E ratio of 34.81, a PEG ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 12-month low of $95.80 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has approved a stock buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

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.