First American Trust FSB Has $9.12 Million Position in Teradyne, Inc. (NASDAQ:TER)

First American Trust FSB trimmed its holdings in Teradyne, Inc. (NASDAQ:TER) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 72,460 shares of the company’s stock after selling 555 shares during the quarter. First American Trust FSB’s holdings in Teradyne were worth $9,124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new position in Teradyne in the fourth quarter valued at approximately $33,000. AllSquare Wealth Management LLC lifted its position in shares of Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock valued at $38,000 after acquiring an additional 200 shares during the period. Manchester Capital Management LLC boosted its stake in Teradyne by 264.0% during the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock worth $39,000 after acquiring an additional 227 shares in the last quarter. Atala Financial Inc acquired a new stake in Teradyne in the fourth quarter worth $47,000. Finally, Brooklyn Investment Group bought a new stake in Teradyne in the third quarter valued at $52,000. Institutional investors own 99.77% of the company’s stock.

Insider Activity

In other Teradyne news, insider Richard John Burns sold 407 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $49,047.57. Following the completion of the sale, the insider now directly owns 20,764 shares of the company’s stock, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TER. Citigroup cut their price objective on shares of Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. UBS Group set a $130.00 price objective on Teradyne and gave the company a “buy” rating in a report on Wednesday, March 12th. KeyCorp cut their target price on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Finally, TD Cowen reduced their price target on shares of Teradyne from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Stock Performance

Teradyne stock opened at $91.00 on Tuesday. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The firm’s 50-day simple moving average is $111.88 and its 200 day simple moving average is $118.43. The stock has a market cap of $14.72 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.12 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Teradyne Profile

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.