Fulton Bank N.A. Purchases 489 Shares of Teradyne, Inc. (NASDAQ:TER)

Fulton Bank N.A. raised its stake in Teradyne, Inc. (NASDAQ:TER) by 19.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,052 shares of the company’s stock after acquiring an additional 489 shares during the period. Fulton Bank N.A.’s holdings in Teradyne were worth $409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in Teradyne in the second quarter valued at about $27,000. Rothschild Investment LLC bought a new position in Teradyne in the second quarter valued at about $33,000. Quarry LP grew its position in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the last quarter. Tortoise Investment Management LLC grew its position in Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after acquiring an additional 342 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TER has been the topic of a number of recent analyst reports. Craig Hallum cut Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a research report on Friday, July 26th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research report on Friday, August 16th. Susquehanna lifted their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. StockNews.com cut Teradyne from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Citigroup reduced their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $142.57.

Teradyne Price Performance

Teradyne stock opened at $130.47 on Thursday. The stock’s 50 day moving average is $128.85 and its 200 day moving average is $130.60. The firm has a market cap of $21.29 billion, a P/E ratio of 49.61, a P/E/G ratio of 2.67 and a beta of 1.49. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. Equities analysts anticipate that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

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.