Raymond James & Associates Has $48.68 Million Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Raymond James & Associates raised its stake in Teradyne, Inc. (NASDAQ:TER) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,581 shares of the company’s stock after acquiring an additional 16,595 shares during the period. Raymond James & Associates owned approximately 0.29% of Teradyne worth $48,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Marshall Financial Group LLC raised its holdings in Teradyne by 1.2% in the 4th quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock valued at $895,000 after acquiring an additional 96 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Teradyne by 24.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock valued at $56,000 after purchasing an additional 100 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Teradyne by 5.0% in the 2nd quarter. Raymond James Trust N.A. now owns 2,280 shares of the company’s stock valued at $254,000 after purchasing an additional 109 shares during the last quarter. TFC Financial Management Inc. increased its stake in shares of Teradyne by 18.3% in the 3rd quarter. TFC Financial Management Inc. now owns 745 shares of the company’s stock valued at $75,000 after purchasing an additional 115 shares during the last quarter. Finally, West Family Investments Inc. increased its stake in shares of Teradyne by 6.8% in the 1st quarter. West Family Investments Inc. now owns 1,800 shares of the company’s stock valued at $213,000 after purchasing an additional 115 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Sanjay Mehta sold 1,083 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the transaction, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Sanjay Mehta sold 1,083 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the transaction, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 1,744 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total value of $182,928.16. Following the completion of the transaction, the insider now directly owns 16,734 shares in the company, valued at $1,755,229.26. The disclosure for this sale can be found here. Insiders have sold 11,797 shares of company stock valued at $1,248,237 in the last ninety days. 0.36% of the stock is owned by company insiders.

Teradyne Trading Up 3.1 %

NASDAQ TER opened at $111.54 on Thursday. The business’s 50-day moving average price is $104.04 and its two-hundred day moving average price is $99.25. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $119.20. The firm has a market capitalization of $17.07 billion, a PE ratio of 40.86 and a beta of 1.55.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The firm had revenue of $670.60 million for the quarter, compared to analyst estimates of $674.99 million. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue was down 8.4% on a year-over-year basis. As a group, analysts forecast that Teradyne, Inc. will post 2.95 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Thursday, February 15th. This is a positive change from Teradyne’s previous quarterly dividend of $0.11. Teradyne’s payout ratio is 17.58%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TER shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research note on Monday, March 4th. Bank of America reiterated an “underperform” rating and issued a $100.00 price target on shares of Teradyne in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. upgraded Teradyne from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $90.00 to $100.00 in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $111.00.

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.