Amalgamated Bank Acquires 270 Shares of Teradyne, Inc. (NASDAQ:TER)

Amalgamated Bank grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,255 shares of the company’s stock after purchasing an additional 270 shares during the period. Amalgamated Bank’s holdings in Teradyne were worth $4,931,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TER. Ashton Thomas Private Wealth LLC purchased a new position in shares of Teradyne during the second quarter valued at approximately $27,000. Rothschild Investment LLC purchased a new position in shares of Teradyne in the 2nd quarter worth $33,000. Tortoise Investment Management LLC boosted its stake in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after acquiring an additional 342 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in Teradyne by 559.1% during the second quarter. Capital Advisors Ltd. LLC now owns 435 shares of the company’s stock valued at $65,000 after acquiring an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 3.6 %

NASDAQ TER opened at $128.95 on Friday. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The stock has a market cap of $20.13 billion, a PE ratio of 49.03, a P/E/G ratio of 2.62 and a beta of 1.49. The stock’s 50 day moving average is $131.76 and its 200 day moving average is $128.18.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. Teradyne’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, analysts forecast that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at $10,896,080. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,483 shares of company stock valued at $1,383,031. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Robert W. Baird boosted their price target on Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Citigroup cut their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their price target on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Susquehanna boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Hold” and a consensus price target of $141.50.

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.