Capital Asset Advisory Services LLC lessened its holdings in Teradyne, Inc. (NASDAQ:TER – Free Report) by 20.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,443 shares of the company’s stock after selling 622 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Teradyne were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kera Capital Partners Inc. purchased a new position in shares of Teradyne in the 2nd quarter worth approximately $231,000. Strs Ohio purchased a new position in shares of Teradyne in the 1st quarter worth approximately $795,000. Acadian Asset Management LLC purchased a new position in shares of Teradyne in the 1st quarter worth approximately $2,398,000. Focus Partners Wealth boosted its stake in shares of Teradyne by 12.0% in the 1st quarter. Focus Partners Wealth now owns 44,766 shares of the company’s stock worth $3,698,000 after buying an additional 4,780 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Teradyne by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,337,312 shares of the company’s stock worth $110,462,000 after buying an additional 63,670 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Teradyne Price Performance
NASDAQ:TER opened at $112.24 on Monday. The company has a market cap of $17.85 billion, a P/E ratio of 38.84, a P/E/G ratio of 2.36 and a beta of 1.80. The stock’s fifty day moving average price is $106.14 and its two-hundred day moving average price is $91.43. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $144.16.
Teradyne Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, September 5th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. Teradyne’s dividend payout ratio is currently 16.61%.
Insider Activity
In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $106.00, for a total transaction of $58,724.00. Following the sale, the chief executive officer owned 96,993 shares in the company, valued at $10,281,258. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on TER shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 target price (up previously from $88.00) on shares of Teradyne in a research note on Thursday, July 17th. Wall Street Zen upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Monday, September 1st. Cantor Fitzgerald set a $105.00 price objective on Teradyne and gave the company an “overweight” rating in a research note on Tuesday, June 24th. UBS Group reiterated a “buy” rating and issued a $130.00 price objective (up previously from $120.00) on shares of Teradyne in a research note on Thursday, July 31st. Finally, Morgan Stanley upgraded Teradyne from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $74.00 to $100.00 in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.44.
View Our Latest Stock Report on TER
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.
See Also
- Five stocks we like better than Teradyne
- What is the S&P 500 and How It is Distinct from Other Indexes
- Best Bang For Your Buck? 2 Bargain Stocks with 30%+ Upside
- Dividend Payout Ratio Calculator
- Football Season Is Here and DraftKings Stock Is Surging
- What is Insider Trading? What You Can Learn from Insider Trading
- RH Stock Slides After Mixed Earnings and Tariff Concerns
Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER – Free Report).
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.