PNC Financial Services Group Inc. Has $2.54 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

PNC Financial Services Group Inc. raised its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,183 shares of the company’s stock after buying an additional 1,183 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Teradyne were worth $2,541,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TER. Apollon Wealth Management LLC lifted its holdings in shares of Teradyne by 7.2% during the third quarter. Apollon Wealth Management LLC now owns 2,362 shares of the company’s stock worth $316,000 after buying an additional 159 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Teradyne during the third quarter valued at approximately $647,000. Victory Capital Management Inc. increased its position in shares of Teradyne by 6.8% during the third quarter. Victory Capital Management Inc. now owns 89,431 shares of the company’s stock valued at $11,977,000 after purchasing an additional 5,686 shares during the period. Huntington National Bank increased its position in shares of Teradyne by 103.1% during the third quarter. Huntington National Bank now owns 581 shares of the company’s stock valued at $78,000 after purchasing an additional 295 shares during the period. Finally, Metis Global Partners LLC increased its position in shares of Teradyne by 5.7% during the third quarter. Metis Global Partners LLC now owns 5,154 shares of the company’s stock valued at $690,000 after purchasing an additional 279 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 407 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares in the company, valued at $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock valued at $1,013,134 over the last 90 days. 0.36% of the stock is owned by company insiders.

Teradyne Stock Performance

Shares of TER stock opened at $86.74 on Friday. The stock’s fifty day moving average is $117.60 and its 200-day moving average is $120.38. The stock has a market capitalization of $14.03 billion, a PE ratio of 26.05, a PEG ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 52 week low of $82.98 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate 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 forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TER. Robert W. Baird lowered their price objective on Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday. Vertical Research began coverage on Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 price objective on the stock. Susquehanna lowered their price objective on Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a research report on Wednesday. Citigroup lowered their price objective on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus lowered their price objective on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

About Teradyne

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.