Corient Private Wealth LP Lowers Holdings in Teradyne, Inc. $TER

Corient Private Wealth LP lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,583 shares of the company's stock after selling 5,248 shares during the quarter. Corient Private Wealth LP owned about 0.05% of Teradyne worth $38,505,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of Teradyne by 46,425.7% during the second quarter. California State Teachers Retirement System now owns 115,598,569 shares of the company's stock worth $55,931,212,000 after acquiring an additional 115,350,107 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Teradyne during the 2nd quarter worth approximately $9,404,408,000. Andar Capital Management HK Ltd bought a new position in shares of Teradyne during the 2nd quarter valued at approximately $37,800,000. State Street Corp boosted its position 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 during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Teradyne by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company's stock valued at $442,413,000 after purchasing an additional 143,058 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent research reports. UBS Group upped their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a "buy" rating in a research report on Monday, July 20th. Robert W. Baird restated a "neutral" rating and set a $420.00 price target on shares of Teradyne in a report on Friday, August 21st. Evercore restated an "outperform" rating and issued a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $465.00 target price on shares of Teradyne in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.80.

Teradyne Stock Performance

Teradyne stock opened at $379.72 on Monday. The company has a market capitalization of $59.37 billion, a PE ratio of 52.09, a P/E/G ratio of 0.77 and a beta of 1.78. The company has a 50 day moving average price of $365.59 and a 200-day moving average price of $360.34. Teradyne, Inc. has a fifty-two week low of $109.56 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER - Get Free Report) last announced 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 analysts' expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Teradyne's revenue was up 103.9% compared to the same quarter last year. On average, analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne's dividend payout ratio is 7.13%.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer owned 112,495 shares of the company's stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.

Teradyne Company Profile

Teradyne, Inc NASDAQ: TER develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company's semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.

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