Congress Wealth Management LLC DE Acquires 5,530 Shares of Teradyne, Inc. (NASDAQ:TER)

Congress Wealth Management LLC DE grew its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 102.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,906 shares of the company's stock after buying an additional 5,530 shares during the quarter. Congress Wealth Management LLC DE's holdings in Teradyne were worth $1,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Compass Financial Services Inc acquired a new position in Teradyne during the 4th quarter worth $33,000. AllSquare Wealth Management LLC lifted its stake in shares of Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock valued at $38,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC boosted its holdings in Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 227 shares during the last quarter. Atala Financial Inc bought a new stake in Teradyne during the 4th quarter worth about $47,000. Finally, Brooklyn Investment Group acquired a new position in Teradyne during the 3rd quarter valued at about $52,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Down 1.2 %

TER traded down $0.97 during trading on Tuesday, hitting $81.63. The company had a trading volume of 323,665 shares, compared to its average volume of 2,386,910. The company has a market capitalization of $13.20 billion, a PE ratio of 24.32, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a one year low of $79.60 and a one year high of $163.21. The firm's 50-day moving average price is $106.79 and its 200 day moving average price is $117.01.

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Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. Teradyne's dividend payout ratio is currently 14.41%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TER shares. UBS Group set a $130.00 price target on shares of Teradyne and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Citigroup dropped their target price on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on Teradyne from $145.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 12th. Bank of America dropped their price objective on Teradyne from $100.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Finally, Northland Securities cut their target price on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.44.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,789 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $215,592.39. Following the transaction, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Friday, January 3rd. 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 74,660 shares of the company's stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 over the last ninety days. Insiders own 0.36% of the company's stock.

Teradyne 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.