Truist Financial Corp Sells 5,461 Shares of Teradyne, Inc. (NASDAQ:TER)

Truist Financial Corp decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,917 shares of the company’s stock after selling 5,461 shares during the quarter. Truist Financial Corp’s holdings in Teradyne were worth $9,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne during the second quarter valued at approximately $27,000. Rothschild Investment LLC bought a new position in Teradyne in the 2nd quarter valued at $33,000. Quarry LP increased its stake in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares during the period. Tortoise Investment Management LLC raised its position in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Teradyne by 3,800.0% during the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after acquiring an additional 342 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Up 1.2 %

TER opened at $130.50 on Friday. The stock has a market capitalization of $21.29 billion, a P/E ratio of 49.62, a P/E/G ratio of 2.69 and a beta of 1.49. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The firm’s fifty day simple moving average is $128.67 and its 200 day simple moving average is $130.00.

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

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date was Thursday, September 5th. Teradyne’s payout ratio is 18.25%.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at $10,896,080. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,977 shares of company stock worth $1,979,834 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TER shares. JPMorgan Chase & Co. lifted their price objective on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Craig Hallum lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a report on Friday, July 26th. Evercore ISI cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Susquehanna upped their target price on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, Citigroup reduced their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Hold” and a consensus price target of $141.50.

Teradyne Company 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.