Smithfield Trust Co Sells 1,147 Shares of Teradyne, Inc. $TER

Smithfield Trust Co reduced its position in Teradyne, Inc. (NASDAQ:TER) by 45.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350 shares of the company’s stock after selling 1,147 shares during the quarter. Smithfield Trust Co’s holdings in Teradyne were worth $122,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its position in Teradyne by 44.7% during the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after purchasing an additional 140 shares during the period. Brooklyn Investment Group lifted its position in shares of Teradyne by 189.9% in the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock worth $38,000 after purchasing an additional 302 shares during the period. Steph & Co. bought a new position in shares of Teradyne during the second quarter valued at approximately $43,000. Bayforest Capital Ltd increased its holdings in Teradyne by 195.5% during the second quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock valued at $47,000 after buying an additional 346 shares during the period. Finally, Quaker Wealth Management LLC increased its holdings in Teradyne by 200.9% during the second quarter. Quaker Wealth Management LLC now owns 639 shares of the company’s stock valued at $57,000 after buying an additional 1,272 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Teradyne stock opened at $169.59 on Friday. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $191.56. The business has a fifty day moving average price of $144.37 and a 200-day moving average price of $110.96. The stock has a market capitalization of $26.56 billion, a price-to-earnings ratio of 61.67, a PEG ratio of 3.64 and a beta of 1.90.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Teradyne’s dividend payout ratio is presently 17.45%.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $145.24, for a total value of $160,925.92. Following the completion of the transaction, the chief executive officer owned 94,777 shares of the company’s stock, valued at approximately $13,765,411.48. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 2,216 shares of company stock valued at $294,656 over the last three months. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TER. Susquehanna restated a “positive” rating and set a $215.00 target price on shares of Teradyne in a report on Thursday, October 30th. Stifel Nicolaus boosted their price target on Teradyne from $119.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. UBS Group upped their price objective on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Northland Securities set a $186.00 price objective on Teradyne in a research report on Thursday, October 30th. Finally, Bank of America upgraded Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $171.25.

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.