Teradyne, Inc. $TER Stake Decreased by Groupe la Francaise

Key Points

• Groupe la Francaise reduced its Teradyne stake by 34.8% in the second quarter, selling 7,622 shares and retaining 14,273 shares worth approximately $6.9 million. Institutional investors and hedge funds collectively own 99.77% of the stock.
• Analyst sentiment remains favorable, with Teradyne carrying a consensus “Moderate Buy” rating and an average price target of $396.80, despite one recent downgrade to “Hold.”
• Teradyne reported strong quarterly results, with EPS of $2.47 beating estimates of $2.09 and revenue of $1.33 billion exceeding forecasts; revenue increased 103.9% year over year. The company also declared a quarterly dividend of $0.13 per share.

Groupe la Francaise trimmed its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 34.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,273 shares of the company's stock after selling 7,622 shares during the quarter. Groupe la Francaise's holdings in Teradyne were worth $6,908,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Carolina Wealth Advisors LLC boosted its position in Teradyne by 42.5% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company's stock worth $55,000 after acquiring an additional 34 shares during the last quarter. Vestor Capital LLC raised its holdings in shares of Teradyne by 15.4% in the first quarter. Vestor Capital LLC now owns 285 shares of the company's stock valued at $85,000 after purchasing an additional 38 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company's stock worth $444,000 after purchasing an additional 40 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Teradyne by 5.8% in the second quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company's stock worth $352,000 after purchasing an additional 40 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in Teradyne by 1.2% during the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company's stock worth $645,000 after purchasing an additional 41 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on TER. Wall Street Zen downgraded shares of Teradyne from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Cantor Fitzgerald reissued an "overweight" rating and set a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Evercore restated an "outperform" rating and issued a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. Morgan Stanley lifted their target price on Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Finally, Susquehanna upped their target price on Teradyne from $415.00 to $550.00 and gave the stock a "positive" rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Teradyne currently has an average rating of "Moderate Buy" and a consensus price target of $396.80.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $47,810,375. This represents a 3.43% decrease in their position. The sale 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 owned by corporate insiders.

Teradyne Stock Performance

Teradyne stock opened at $357.03 on Tuesday. Teradyne, Inc. has a 52 week low of $109.56 and a 52 week high of $487.91. The stock has a market capitalization of $55.82 billion, a P/E ratio of 48.98, a PEG ratio of 0.72 and a beta of 1.78. The stock has a 50-day simple moving average of $368.46 and a 200 day simple moving average of $358.71.

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

Teradyne Dividend Announcement

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

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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