Axxcess Wealth Management LLC lessened its holdings in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 53.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,926 shares of the company’s stock after selling 4,435 shares during the period. Axxcess Wealth Management LLC’s holdings in Teradyne were worth $352,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Teradyne during the first quarter worth about $29,000. Bartlett & Co. LLC bought a new stake in shares of Teradyne during the second quarter worth about $26,000. Clear Street Markets LLC grew its holdings in shares of Teradyne by 401.5% during the second quarter. Clear Street Markets LLC now owns 336 shares of the company’s stock worth $30,000 after purchasing an additional 269 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Teradyne by 700.0% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 400 shares of the company’s stock worth $36,000 after purchasing an additional 350 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Teradyne during the second quarter worth about $38,000. Institutional investors own 98.52% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on TER. Cowen cut their price objective on Teradyne to $110.00 in a research note on Thursday, October 27th. Susquehanna lifted their price objective on Teradyne from $83.00 to $100.00 in a research note on Thursday, October 27th. Morgan Stanley cut their price objective on Teradyne from $116.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 27th. ATB Capital cut their price objective on Teradyne to $8.00 in a research note on Friday, August 12th. Finally, Susquehanna Bancshares lifted their price objective on Teradyne from $83.00 to $100.00 in a research note on Thursday, October 27th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.12.
Teradyne Trading Up 1.2 %
Teradyne (NASDAQ:TER – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.11. Teradyne had a return on equity of 33.39% and a net margin of 23.38%. The business had revenue of $827.07 million during the quarter, compared to the consensus estimate of $800.20 million. During the same quarter in the prior year, the company posted $1.59 earnings per share. Teradyne’s revenue was down 13.0% compared to the same quarter last year. On average, analysts predict that Teradyne, Inc. will post 4.07 EPS for the current year.
Teradyne Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Monday, November 28th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 25th. This represents a $0.44 annualized dividend and a yield of 0.47%. Teradyne’s dividend payout ratio (DPR) is currently 9.84%.
Insider Buying and Selling
In related news, insider Brad Robbins sold 3,144 shares of the company’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $75.84, for a total transaction of $238,440.96. Following the completion of the sale, the insider now owns 44,755 shares in the company, valued at $3,394,219.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.
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