2,563 Shares in Teradyne, Inc. (NASDAQ:TER) Purchased by Fulton Bank N.A.

Fulton Bank N.A. acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,563 shares of the company’s stock, valued at approximately $380,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Teradyne in the 4th quarter valued at approximately $188,873,000. Van ECK Associates Corp increased its stake in Teradyne by 26.9% during the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock valued at $473,265,000 after purchasing an additional 923,612 shares during the last quarter. Boston Partners raised its holdings in shares of Teradyne by 23.2% during the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after purchasing an additional 544,482 shares during the period. KBC Group NV raised its holdings in shares of Teradyne by 1,544.3% during the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after purchasing an additional 444,442 shares during the period. Finally, Ossiam lifted its position in shares of Teradyne by 13,540.0% in the 1st quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after buying an additional 416,898 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TER. Cantor Fitzgerald reiterated a “neutral” rating and set a $180.00 price objective on shares of Teradyne in a research note on Thursday, July 25th. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target on the stock. in a report on Friday, July 26th. Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. increased their target price on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Northland Securities reduced their price target on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $142.93.

Teradyne Price Performance

Shares of Teradyne stock traded up $1.93 on Tuesday, hitting $118.32. The company had a trading volume of 1,620,979 shares, compared to its average volume of 2,093,316. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The company has a market cap of $18.47 billion, a PE ratio of 44.99, a PEG ratio of 2.41 and a beta of 1.50. The business has a 50-day simple moving average of $143.99 and a 200-day simple moving average of $122.30.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. On average, equities research analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Tuesday, May 21st. Teradyne’s payout ratio is 18.25%.

Insider Activity

In related news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the sale, the insider now directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the sale, the insider now directly owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,255 shares of company stock worth $859,269. Corporate insiders own 0.36% of the company’s stock.

About Teradyne

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.