US Bancorp DE Sells 3,153 Shares of Teradyne, Inc. (NASDAQ:TER)

Key Points

• US Bancorp DE reduced its stake in Teradyne, Inc. by 14.3%, owning 18,878 shares valued at $1,559,000 following the sale of 3,153 shares in the first quarter.
• CEO Gregory Stephen Smith sold 554 shares of Teradyne at approximately $105.73 per share, leading to a decrease in his position by 0.56%.
• Analysts have a mixed outlook on Teradyne, with targets ranging from $85.00 to $130.00, reflecting several upgrades and downgrades based on recent performance.

US Bancorp DE lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) by 14.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,878 shares of the company's stock after selling 3,153 shares during the period. US Bancorp DE's holdings in Teradyne were worth $1,559,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TER. Vestcor Inc raised its stake in shares of Teradyne by 21.9% in the 1st quarter. Vestcor Inc now owns 27,904 shares of the company's stock valued at $2,305,000 after acquiring an additional 5,010 shares during the period. XTX Topco Ltd raised its stake in shares of Teradyne by 665.1% in the 1st quarter. XTX Topco Ltd now owns 31,774 shares of the company's stock valued at $2,625,000 after acquiring an additional 27,621 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Teradyne in the 1st quarter valued at $240,000. GSA Capital Partners LLP raised its stake in shares of Teradyne by 710.9% in the 1st quarter. GSA Capital Partners LLP now owns 13,128 shares of the company's stock valued at $1,084,000 after acquiring an additional 11,509 shares during the period. Finally, Valliance Asset Management Ltd purchased a new position in shares of Teradyne in the 1st quarter valued at $206,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Price Performance

Shares of TER traded up $1.01 during mid-day trading on Friday, hitting $107.47. The company's stock had a trading volume of 3,184,304 shares, compared to its average volume of 4,807,681. The firm has a 50-day moving average price of $92.38 and a 200 day moving average price of $91.47. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 2.25 and a beta of 1.72. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $651.80 million during the quarter, compared to analysts' expectations of $649.02 million. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The company's revenue was down 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne announced that its Board of Directors has authorized a share buyback program on Monday, April 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 554 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $105.73, for a total value of $58,574.42. Following the completion of the sale, the chief executive officer directly owned 97,547 shares in the company, valued at approximately $10,313,644.31. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TER. Morgan Stanley raised shares of Teradyne from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $74.00 to $100.00 in a research note on Thursday, July 31st. Stifel Nicolaus raised their price objective on shares of Teradyne from $85.00 to $100.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Wall Street Zen lowered shares of Teradyne from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. reissued a "neutral" rating and set a $102.00 price objective (up from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Finally, Cantor Fitzgerald set a $105.00 price objective on shares of Teradyne and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $114.44.

Teradyne Company 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.