1,594 Shares in Teradyne, Inc. $TER Purchased by Synovus Financial Corp

Synovus Financial Corp purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the third quarter, Holdings Channel.com reports. The firm purchased 1,594 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Teradyne by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after buying an additional 444,940 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in 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 acquiring an additional 143,058 shares in the last quarter. Federated Hermes Inc. boosted its stake in Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after acquiring an additional 1,679,215 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Teradyne by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after acquiring an additional 354,876 shares in the last quarter. Finally, Primecap Management Co. CA grew its holdings in Teradyne by 58.6% during the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after acquiring an additional 1,125,868 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TER. UBS Group upped their target price on shares of Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Evercore upped their price objective on Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Robert W. Baird set a $305.00 target price on Teradyne in a report on Wednesday, February 4th. Citigroup lifted their target price on Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, TD Cowen reiterated a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $256.24.

Teradyne Trading Down 2.0%

Shares of Teradyne stock opened at $318.50 on Tuesday. The stock has a market capitalization of $49.86 billion, a price-to-earnings ratio of 91.52, a PEG ratio of 2.01 and a beta of 1.83. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $327.99. The business’s 50 day simple moving average is $243.46 and its 200-day simple moving average is $180.94.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. Sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is currently 14.94%.

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.