Huntington National Bank Has $48,000 Position in Teradyne, Inc. (NASDAQ:TER)

Huntington National Bank cut its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 34.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 381 shares of the company’s stock after selling 200 shares during the quarter. Huntington National Bank’s holdings in Teradyne were worth $48,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in Teradyne during the 4th quarter worth approximately $33,000. AllSquare Wealth Management LLC boosted its stake in Teradyne by 200.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of 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 purchasing an additional 227 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Teradyne in the fourth quarter valued at $45,000. Finally, Atala Financial Inc bought a new position in shares of Teradyne in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In other news, CFO Sanjay Mehta sold 1,789 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now owns 33,308 shares in the company, valued at $4,013,947.08. This represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 407 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total transaction of $49,047.57. Following the transaction, the insider now owns 20,764 shares in the company, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,399 shares of company stock worth $612,734 in the last three months. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TER. Cantor Fitzgerald lowered their price objective on shares of Teradyne from $150.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Vertical Research began coverage on shares of Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Northland Securities lowered their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Finally, KeyCorp cut their price target on Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Stock Up 6.0 %

Shares of NASDAQ:TER opened at $72.87 on Tuesday. The firm has a market cap of $11.72 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $163.21. The business has a fifty day simple moving average of $101.46 and a 200 day simple moving average of $115.12.

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

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.66%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

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.