US Bancorp DE Sells 9,391 Shares of Teradyne, Inc. (NASDAQ:TER)

US Bancorp DE lowered its position in Teradyne, Inc. (NASDAQ:TER) by 29.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,125 shares of the company’s stock after selling 9,391 shares during the quarter. US Bancorp DE’s holdings in Teradyne were worth $2,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 acquiring an additional 135,286 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position 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 valued at $682,597,000 after acquiring an additional 57,989 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Teradyne by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock valued at $299,073,000 after acquiring an additional 47,157 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Teradyne by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,030 shares of the company’s stock valued at $127,684,000 after acquiring an additional 15,907 shares in the last quarter. Finally, AXA S.A. boosted its position in 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 acquiring an additional 7,709 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of TER stock opened at $105.45 on Wednesday. The firm has a market capitalization of $17.21 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 2.32 and a beta of 1.52. The business has a fifty day moving average of $126.41 and a 200 day moving average of $132.22. Teradyne, Inc. has a 1 year low of $84.66 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. As a group, equities research analysts expect that Teradyne, Inc. will post 3.15 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.46%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio is currently 15.24%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,352 shares of company stock valued at $1,899,353. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup dropped their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus dropped their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Craig Hallum decreased their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Susquehanna increased their price objective on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Teradyne has an average rating of “Hold” and an average target price of $142.62.

About Teradyne

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.