FNY Investment Advisers LLC lifted its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 167.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,263 shares of the company’s stock after purchasing an additional 3,295 shares during the quarter. FNY Investment Advisers LLC’s holdings in Teradyne were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Teradyne by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company’s stock worth $1,728,176,000 after purchasing an additional 516,332 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Teradyne by 26.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock worth $286,634,000 after purchasing an additional 652,175 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teradyne by 4.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,957,049 shares of the company’s stock worth $244,252,000 after purchasing an additional 131,152 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Teradyne by 16.1% during the 1st quarter. Invesco Ltd. now owns 2,790,898 shares of the company’s stock worth $230,528,000 after purchasing an additional 387,705 shares in the last quarter. Finally, ARK Investment Management LLC grew its holdings in shares of Teradyne by 16.7% during the 1st quarter. ARK Investment Management LLC now owns 2,243,590 shares of the company’s stock worth $185,321,000 after purchasing an additional 320,580 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Price Performance
Shares of NASDAQ:TER opened at $143.33 on Wednesday. The business’s fifty day moving average price is $125.99 and its two-hundred day moving average price is $99.62. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $150.71. The stock has a market capitalization of $22.80 billion, a price-to-earnings ratio of 49.60, a price-to-earnings-growth ratio of 2.92 and a beta of 1.82.
Teradyne Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Teradyne’s payout ratio is currently 16.61%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on TER. Northland Securities set a $161.00 price objective on Teradyne in a report on Tuesday, October 7th. The Goldman Sachs Group lifted their price objective on Teradyne from $85.00 to $130.00 and gave the stock a “sell” rating in a report on Thursday, October 9th. Stifel Nicolaus upped their price target on Teradyne from $100.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, October 13th. Cowen reiterated a “buy” rating on shares of Teradyne in a research report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.27.
Read Our Latest Analysis on Teradyne
Insider Buying and Selling
In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $145.24, for a total value of $160,925.92. Following the transaction, the chief executive officer owned 94,777 shares of the company’s stock, valued at approximately $13,765,411.48. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 3,324 shares of company stock valued at $411,954 over the last quarter. 0.16% of the stock is currently owned by insiders.
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.
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