Benjamin Edwards Inc. Cuts Position in Teradyne, Inc. $TER

Benjamin Edwards Inc. lowered its position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 53.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,274 shares of the company's stock after selling 4,929 shares during the quarter. Benjamin Edwards Inc.'s holdings in Teradyne were worth $2,068,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Teradyne during the second quarter valued at approximately $9,404,408,000. Andar Capital Management HK Ltd purchased a new position in shares of Teradyne in the 2nd quarter valued at $37,800,000. State Street Corp lifted its holdings in shares of Teradyne by 0.9% during the 4th quarter. State Street Corp now owns 7,078,635 shares of the company's stock valued at $1,370,141,000 after acquiring an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Teradyne by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company's stock valued at $442,413,000 after acquiring an additional 143,058 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Teradyne by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company's stock worth $813,640,000 after purchasing an additional 659,273 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen lowered Teradyne from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group raised their target price on Teradyne from $440.00 to $500.00 and gave the company a "buy" rating in a report on Monday, July 20th. Cantor Fitzgerald restated an "overweight" rating and issued a $550.00 price target on shares of Teradyne in a report on Wednesday, July 29th. Bank of America increased their price objective on shares of Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Finally, Evercore reissued an "outperform" rating and set a $420.00 target price on shares of Teradyne in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $396.80.

Teradyne Stock Performance

Shares of TER opened at $349.83 on Tuesday. The company has a market capitalization of $54.69 billion, a P/E ratio of 47.99, a P/E/G ratio of 0.72 and a beta of 1.78. Teradyne, Inc. has a one year low of $109.56 and a one year high of $487.91. The stock has a 50-day moving average price of $378.22 and a 200 day moving average price of $357.57.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.57 EPS. Teradyne's revenue for the quarter was up 103.9% compared to the same quarter last year. As a group, equities research analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne's dividend payout ratio (DPR) is presently 7.13%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company's stock.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company's product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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