Teradyne, Inc. (NASDAQ:TER) Shares Bought by Parnassus Investments LLC

Parnassus Investments LLC lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 27.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 167,112 shares of the company’s stock after purchasing an additional 35,781 shares during the quarter. Parnassus Investments LLC’s holdings in Teradyne were worth $16,788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TER. Venturi Wealth Management LLC acquired a new position in Teradyne during the 3rd quarter valued at about $36,000. NBC Securities Inc. acquired a new stake in shares of Teradyne in the 3rd quarter worth approximately $37,000. IFP Advisors Inc lifted its stake in shares of Teradyne by 20.6% in the 2nd quarter. IFP Advisors Inc now owns 3,063 shares of the company’s stock worth $44,000 after acquiring an additional 523 shares during the period. Focused Wealth Management Inc acquired a new stake in shares of Teradyne in the 2nd quarter worth approximately $45,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Teradyne by 145.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 423 shares of the company’s stock worth $47,000 after acquiring an additional 251 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $96.25 on Tuesday. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 35.26 and a beta of 1.56. The company has a 50 day moving average of $102.47 and a 200-day moving average of $99.95. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20.

Teradyne (NASDAQ:TERGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $670.60 million for the quarter, compared to analyst estimates of $674.99 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Equities research analysts anticipate that Teradyne, Inc. will post 3.28 earnings per share for the current year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, February 16th will be given a dividend of $0.12 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.50%. The ex-dividend date is Thursday, February 15th. Teradyne’s dividend payout ratio is 16.12%.

Insiders Place Their Bets

In other Teradyne news, CFO Sanjay Mehta sold 1,083 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $110.95, for a total transaction of $120,158.85. Following the sale, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at $5,004,621.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Teradyne news, insider Brad Robbins sold 1,485 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $104.18, for a total value of $154,707.30. Following the transaction, the insider now directly owns 51,579 shares in the company, valued at $5,373,500.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 1,083 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $110.95, for a total transaction of $120,158.85. Following the completion of the transaction, the chief financial officer now owns 45,107 shares in the company, valued at $5,004,621.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,282 shares of company stock valued at $1,402,944. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TER shares. Craig Hallum reduced their price target on shares of Teradyne from $131.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Morgan Stanley reduced their price target on shares of Teradyne from $114.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Bank of America reaffirmed an “underperform” rating and issued a $100.00 price target on shares of Teradyne in a research note on Friday, December 15th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Wednesday, January 31st. Finally, TheStreet downgraded shares of Teradyne from a “b-” rating to a “c+” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.27.

View Our Latest Stock Report on TER

Teradyne Profile

(Free Report)

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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