Citizens Financial Group Inc. RI Purchases 124 Shares of Teradyne, Inc. (NASDAQ:TER)

Citizens Financial Group Inc. RI lifted its position in Teradyne, Inc. (NASDAQ:TER) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,244 shares of the company’s stock after acquiring an additional 124 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Teradyne were worth $283,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC lifted its holdings in 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 period. Entropy Technologies LP purchased a new stake in shares of Teradyne during the 3rd quarter worth $647,000. Victory Capital Management Inc. boosted its position in 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 in the last quarter. Huntington National Bank boosted its position in 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 in the last quarter. Finally, Metis Global Partners LLC grew its stake in Teradyne by 5.7% in 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 last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Down 1.6 %

Teradyne stock opened at $85.33 on Friday. The firm has a market cap of $13.80 billion, a PE ratio of 25.62, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12 month low of $82.98 and a 12 month high of $163.21. The stock’s 50 day simple moving average is $118.48 and its two-hundred day simple moving average is $120.70.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. Teradyne’s payout ratio is 14.41%.

Insiders Place Their Bets

In related news, CFO Sanjay Mehta sold 1,384 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the transaction, the chief financial officer now owns 36,576 shares in the company, valued at $4,077,858.24. This represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,479 shares of company stock worth $1,013,134. 0.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Northland Securities decreased their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group set a $130.00 price objective on Teradyne and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, KeyCorp decreased their price target on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $123.69.

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.