Truist Financial Corp Has $5.74 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

Truist Financial Corp lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,584 shares of the company’s stock after selling 15,772 shares during the period. Truist Financial Corp’s holdings in Teradyne were worth $5,740,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Teradyne in the third quarter valued at about $29,000. Compass Financial Services Inc acquired a new position in shares of Teradyne during the 4th quarter worth about $33,000. Manchester Capital Management LLC grew its position in shares of Teradyne by 264.0% during the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 227 shares during the period. Coastline Trust Co acquired a new position in shares of Teradyne in the 3rd quarter valued at approximately $46,000. Finally, Brooklyn Investment Group acquired a new position in shares of Teradyne in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. KeyCorp dropped their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group dropped their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Susquehanna upped their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.77.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard John Burns sold 407 shares of Teradyne stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the transaction, the insider now owns 20,764 shares of the company’s stock, valued at $2,502,269.64. The trade was a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock worth $1,013,134 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $115.91 on Friday. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 2.83 and a beta of 1.45. Teradyne, Inc. has a 52 week low of $95.80 and a 52 week high of $163.21. The firm’s 50-day simple moving average is $124.99 and its two-hundred day simple moving average is $122.99.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.41%. Teradyne’s payout ratio is 14.41%.

Teradyne declared that its Board of Directors has approved a stock repurchase plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

About Teradyne

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.