Fifth Third Bancorp Has $1.44 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Fifth Third Bancorp reduced its holdings in Teradyne, Inc. (NASDAQ:TER) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,410 shares of the company’s stock after selling 627 shares during the quarter. Fifth Third Bancorp’s holdings in Teradyne were worth $1,437,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Whittier Trust Co. boosted its holdings in Teradyne by 10.2% in the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after acquiring an additional 88 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock valued at $149,000 after purchasing an additional 103 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after buying an additional 104 shares during the period. GAMMA Investing LLC raised its stake in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after buying an additional 105 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in Teradyne by 0.5% in the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock valued at $2,666,000 after buying an additional 108 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on TER. Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Craig Hallum lowered their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Susquehanna raised their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI boosted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $149.31.

Teradyne Price Performance

TER opened at $121.94 on Wednesday. Teradyne, Inc. has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The firm has a market capitalization of $19.86 billion, a PE ratio of 38.71, a P/E/G ratio of 2.25 and a beta of 1.46. The company’s 50-day moving average is $124.65 and its 200 day moving average is $125.74.

Teradyne declared that its board has approved a stock buyback program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. Teradyne’s dividend payout ratio is presently 15.24%.

Teradyne Company 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.