PNC Financial Services Group Inc. Has $2.42 Million Position in Teradyne, Inc. $TER

PNC Financial Services Group Inc. boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 44.7% in the second quarter, Holdings Channel.com reports. The fund owned 26,861 shares of the company’s stock after buying an additional 8,302 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Teradyne were worth $2,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fulton Bank N.A. boosted its position in shares of Teradyne by 4.3% in the 2nd quarter. Fulton Bank N.A. now owns 2,722 shares of the company’s stock worth $245,000 after purchasing an additional 113 shares during the last quarter. HighTower Advisors LLC increased its holdings in Teradyne by 1.0% in the first quarter. HighTower Advisors LLC now owns 12,528 shares of the company’s stock valued at $1,035,000 after purchasing an additional 124 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in Teradyne by 0.3% during the first quarter. Federation des caisses Desjardins du Quebec now owns 51,076 shares of the company’s stock worth $4,219,000 after buying an additional 166 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Teradyne by 1.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 20,909 shares of the company’s stock worth $1,880,000 after buying an additional 202 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the topic of a number of analyst reports. Cowen reiterated a “buy” rating on shares of Teradyne in a research report on Wednesday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 target price on shares of Teradyne in a report on Wednesday, October 29th. UBS Group lifted their price target on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. Finally, Susquehanna reaffirmed a “positive” rating and set a $215.00 price objective on shares of Teradyne in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $171.25.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total value of $199,661.60. Following the sale, the chief executive officer owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. This trade represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 3,324 shares of company stock worth $494,318 in the last ninety days. 0.16% of the stock is currently owned by company insiders.

Teradyne Stock Down 2.2%

Shares of TER stock opened at $163.72 on Wednesday. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $191.56. The firm has a fifty day moving average of $147.31 and a 200-day moving average of $113.41. The company has a market capitalization of $25.64 billion, a price-to-earnings ratio of 59.53, a P/E/G ratio of 3.64 and a beta of 1.90.

Teradyne (NASDAQ:TER) last announced its 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 firm had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. On average, equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be issued 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 dividend yield of 0.3%. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

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.