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Atria Investments LLC Cuts Stake in Teradyne, Inc. (NASDAQ:TER)

Defense World · Nov 24, 2022 07:21

Atria Investments LLC cut its holdings in Teradyne, Inc. (NASDAQ:TER – Get Rating) by 13.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,669 shares of the company's stock after selling 2,192 shares during the quarter. Atria Investments LLC's holdings in Teradyne were worth $1,314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bartlett & Co. LLC bought a new stake in Teradyne in the second quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Teradyne in the first quarter worth $29,000. Clear Street Markets LLC lifted its position in Teradyne by 401.5% in the second quarter. Clear Street Markets LLC now owns 336 shares of the company's stock worth $30,000 after buying an additional 269 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Teradyne by 700.0% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 400 shares of the company's stock worth $36,000 after buying an additional 350 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in Teradyne in the second quarter worth $38,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Teradyne

In related news, insider Brad Robbins sold 3,144 shares of the company's stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $75.84, for a total value of $238,440.96. Following the sale, the insider now owns 44,755 shares in the company, valued at $3,394,219.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

TER has been the subject of several research analyst reports. Susquehanna lifted their target price on Teradyne from $83.00 to $100.00 in a research report on Thursday, October 27th. StockNews.com initiated coverage on Teradyne in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Morgan Stanley decreased their target price on Teradyne from $116.00 to $92.00 and set an "equal weight" rating for the company in a research report on Thursday, October 27th. KeyCorp decreased their price objective on Teradyne from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, July 28th. Finally, DA Davidson decreased their price objective on Teradyne from $120.00 to $105.00 in a report on Thursday, October 27th. Ten 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, Teradyne has a consensus rating of "Moderate Buy" and an average target price of $93.12.

Teradyne Stock Performance

Shares of TER stock opened at $94.03 on Thursday. The business's 50-day simple moving average is $80.42. The stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 5.28 and a beta of 1.50. Teradyne, Inc. has a fifty-two week low of $67.81 and a fifty-two week high of $168.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.03 and a quick ratio of 2.59.

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

Teradyne Dividend Announcement

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

Teradyne 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.