Prio Wealth Limited Partnership Has $44.59 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Prio Wealth Limited Partnership trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER) by 6.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,673 shares of the company’s stock after selling 19,682 shares during the period. Teradyne makes up approximately 1.3% of Prio Wealth Limited Partnership’s investment portfolio, making the stock its 21st largest position. Prio Wealth Limited Partnership owned about 0.18% of Teradyne worth $44,587,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in shares of 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 purchasing an additional 169 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after buying an additional 342 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp lifted their target price on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Evercore ISI cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Robert W. Baird increased their price objective on shares of Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Northland Securities decreased their target price on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research note on Friday, July 26th. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $141.50.

Teradyne Trading Down 3.7 %

Shares of TER stock opened at $128.99 on Wednesday. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21. The stock has a market cap of $21.05 billion, a price-to-earnings ratio of 49.05, a PEG ratio of 2.76 and a beta of 1.49. The stock has a 50-day moving average of $128.74 and a 200-day moving average of $129.80.

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

Teradyne Announces Dividend

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

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,483 shares of company stock valued at $1,383,031. 0.36% of the stock is currently owned by insiders.

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.