Truist Financial Corp Has $5.74 Million Stake in Teradyne, Inc. (NASDAQ:TER)

Truist Financial Corp decreased its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,584 shares of the company's stock after selling 15,772 shares during the period. Truist Financial Corp's holdings in Teradyne were worth $5,740,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new stake in shares of Teradyne during the 3rd quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Teradyne in the 4th quarter valued at about $33,000. Manchester Capital Management LLC increased its position in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after purchasing an additional 227 shares during the last quarter. Coastline Trust Co bought a new position in shares of Teradyne during the 3rd quarter valued at $46,000. Finally, Brooklyn Investment Group bought a new stake in shares of Teradyne in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Trading Up 3.8 %

Shares of Teradyne stock traded up $4.20 on Wednesday, hitting $115.55. The stock had a trading volume of 696,848 shares, compared to its average volume of 2,548,379. The company's 50 day moving average price is $124.34 and its 200 day moving average price is $122.91. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 52-week low of $95.80 and a 52-week high of $163.21.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, February 14th. Teradyne's payout ratio is currently 14.41%.

Teradyne announced that its Board of Directors has approved a share repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have commented on TER shares. KeyCorp lowered their price objective on shares of Teradyne from $180.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Northland Securities dropped their price target on Teradyne from $154.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Teradyne from $158.00 to $145.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Susquehanna upped their price target on shares of Teradyne from $145.00 to $165.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Finally, Northland Capmk raised shares of Teradyne from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $143.77.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business's 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 transaction, the chief executive officer now owns 74,660 shares of the company's stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard John Burns sold 445 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $49,613.05. Following the completion of the sale, the insider now owns 25,191 shares in the company, valued at approximately $2,808,544.59. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,013,134. Corporate insiders own 0.18% of the company's stock.

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.