Citizens Financial Group Inc. RI Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

Citizens Financial Group Inc. RI purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,062 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors have also modified their holdings of the company. Mitchell & Pahl Private Wealth LLC increased its position in Teradyne by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after buying an additional 79 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Teradyne by 0.6% during the first quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after acquiring an additional 83 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Teradyne by 17.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after purchasing an additional 96 shares during the last quarter. Quent Capital LLC boosted its stake in Teradyne by 6.0% in the 2nd quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock worth $277,000 after purchasing an additional 105 shares in the last quarter. Finally, Covestor Ltd grew its position in Teradyne by 10.2% during the 1st quarter. Covestor Ltd now owns 1,162 shares of the company’s stock worth $131,000 after purchasing an additional 108 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Craig Hallum cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target for the company. in a report on Friday, July 26th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research report on Friday, August 16th. KeyCorp boosted their price target on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Evercore ISI cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group upped their price objective on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $141.50.

Teradyne Price Performance

NASDAQ TER opened at $127.86 on Thursday. The stock’s 50 day simple moving average is $132.73 and its 200-day simple moving average is $127.98. The company has a market cap of $20.86 billion, a PE ratio of 48.62, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, September 5th. Teradyne’s dividend payout ratio is presently 18.25%.

Insider Buying and Selling

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were 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 $2,207,504.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of the 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 directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,483 shares of company stock valued at $1,383,031. 0.36% of the stock is currently owned by insiders.

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.