Fulton Bank N.A. Has $744,000 Position in Teradyne, Inc. $TER

by · The Markets Daily

Fulton Bank N.A. cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 45.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,538 shares of the company’s stock after selling 1,263 shares during the quarter. Fulton Bank N.A.’s holdings in Teradyne were worth $744,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Elevation Wealth Partners LLC boosted its position in Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares during the last quarter. Hilltop National Bank bought a new position in Teradyne in the second quarter valued at approximately $41,000. McIlrath & Eck LLC acquired a new position in shares of Teradyne during the 1st quarter worth approximately $30,000. Cornerstone Planning Group LLC increased its position in shares of Teradyne by 149.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $42,000 after purchasing an additional 85 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne during the 4th quarter worth approximately $28,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TER shares. Citigroup increased their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Evercore restated an “outperform” rating and set a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a research note on Thursday, April 30th. Finally, Morgan Stanley lifted their price objective on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Read Our Latest Report on Teradyne

Teradyne Stock Up 6.1%

NASDAQ:TER opened at $402.74 on Thursday. Teradyne, Inc. has a 12-month low of $106.30 and a 12-month high of $487.91. The firm has a market capitalization of $62.96 billion, a price-to-earnings ratio of 55.25, a P/E/G ratio of 0.77 and a beta of 1.78. The stock’s 50 day moving average price is $382.97 and its two-hundred day moving average price is $346.61.

Teradyne (NASDAQ:TER – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. Equities research analysts expect that Teradyne, Inc. will post 9.1 EPS for the current year.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This trade represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider directly owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. This trade represents a 4.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 14,261 shares of company stock valued at $5,187,344 in the last ninety days. Insiders own 0.19% of the company’s stock.

Teradyne Profile

(Free Report)

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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