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Teradyne, Inc. (NASDAQ:TER) Shares Sold by Cibc World Market Inc.

Defense World · Nov 23, 2022 07:42

Cibc World Market Inc. lowered its stake in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,688 shares of the company's stock after selling 321 shares during the quarter. Cibc World Market Inc.'s holdings in Teradyne were worth $509,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TER. State of Michigan Retirement System increased its holdings in Teradyne by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 44,335 shares of the company's stock worth $5,242,000 after buying an additional 135 shares during the period. Bank of America Corp DE increased its holdings in Teradyne by 2,844.1% in the 1st quarter. Bank of America Corp DE now owns 1,032,783 shares of the company's stock worth $122,106,000 after buying an additional 997,703 shares during the period. Elo Mutual Pension Insurance Co increased its holdings in Teradyne by 1.5% in the 1st quarter. Elo Mutual Pension Insurance Co now owns 12,821 shares of the company's stock worth $1,516,000 after buying an additional 194 shares during the period. M&T Bank Corp increased its holdings in Teradyne by 6.3% in the 1st quarter. M&T Bank Corp now owns 4,731 shares of the company's stock worth $560,000 after buying an additional 280 shares during the period. Finally, Kentucky Retirement Systems increased its holdings in Teradyne by 5.4% in the 1st quarter. Kentucky Retirement Systems now owns 10,390 shares of the company's stock worth $1,228,000 after buying an additional 528 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

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Wall Street Analysts Forecast Growth

TER has been the topic of several research reports. StockNews.com started coverage on shares of Teradyne in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Cowen dropped their price objective on shares of Teradyne to $110.00 in a research note on Thursday, October 27th. DA Davidson dropped their price objective on shares of Teradyne from $120.00 to $105.00 in a research note on Thursday, October 27th. Needham & Company LLC dropped their price objective on shares of Teradyne to $3.00 and set a "buy" rating on the stock in a research note on Friday, August 12th. Finally, Susquehanna Bancshares raised their price objective on shares of Teradyne from $83.00 to $100.00 in a research note on Thursday, October 27th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $94.65.

Teradyne Trading Up 2.0 %

Shares of NASDAQ:TER opened at $92.93 on Wednesday. The business's 50-day simple moving average is $80.15. The company has a quick ratio of 2.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.02. The firm has a market cap of $14.47 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 5.18 and a beta of 1.50. Teradyne, Inc. has a 12-month low of $67.81 and a 12-month high of $168.91.

Teradyne (NASDAQ:TER – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.11. The firm had revenue of $827.07 million during the quarter, compared to the consensus estimate of $800.20 million. Teradyne had a return on equity of 33.39% and a net margin of 23.38%. The company's quarterly revenue was down 13.0% on a year-over-year basis. During the same period last year, the company earned $1.59 EPS. As a group, equities research analysts predict that Teradyne, Inc. will post 4.07 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Monday, November 28th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, November 25th. Teradyne's dividend payout ratio is currently 9.84%.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Brad Robbins sold 3,144 shares of Teradyne stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $75.84, for a total value of $238,440.96. Following the completion of the transaction, the insider now directly owns 44,755 shares of the company's stock, valued at approximately $3,394,219.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Teradyne Company Profile

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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.