US Bancorp DE Cuts Holdings in Teradyne, Inc. (NASDAQ:TER)

US Bancorp DE decreased its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 29.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,125 shares of the company's stock after selling 9,391 shares during the period. US Bancorp DE's holdings in Teradyne were worth $2,963,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Teradyne by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company's stock valued at $2,078,462,000 after buying an additional 135,286 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Teradyne by 1.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company's stock worth $682,597,000 after acquiring an additional 57,989 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Teradyne by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company's stock worth $299,073,000 after purchasing an additional 47,157 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Teradyne by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,030 shares of the company's stock valued at $127,684,000 after purchasing an additional 15,907 shares during the period. Finally, AXA S.A. grew its position in shares of Teradyne by 0.9% during the 2nd quarter. AXA S.A. now owns 819,350 shares of the company's stock valued at $121,501,000 after purchasing an additional 7,709 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction that occurred on Tuesday, August 20th. The shares were 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 in the company, valued at $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Richard John Burns sold 789 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,352 shares of company stock valued at $1,899,353 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Teradyne Stock Up 3.4 %

Shares of NASDAQ TER traded up $3.55 during trading on Wednesday, reaching $109.00. The company had a trading volume of 2,244,283 shares, compared to its average volume of 2,043,445. Teradyne, Inc. has a 12-month low of $84.66 and a 12-month high of $163.21. The business's 50-day moving average is $125.82 and its 200 day moving average is $132.29. The stock has a market cap of $17.75 billion, a PE ratio of 34.60, a P/E/G ratio of 2.27 and a beta of 1.52.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm had revenue of $737.30 million for the quarter, compared to analysts' expectations of $716.40 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The business's revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts anticipate that Teradyne, Inc. will post 3.15 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne's dividend payout ratio is currently 15.24%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $120.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 23rd. Craig Hallum lowered their price target on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating for the company in a research note on Friday, October 25th. KeyCorp raised their price objective on Teradyne from $160.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, July 12th. Northland Securities lowered their target price on Teradyne from $126.00 to $117.00 and set a "market perform" rating for the company in a research note on Friday, October 25th. Finally, Evercore ISI increased their target price on Teradyne from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $142.62.

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.