Windward Capital Management Co. CA Sells 2,403 Shares of Teradyne, Inc. (NASDAQ:TER)

Windward Capital Management Co. CA lessened its holdings in Teradyne, Inc. (NASDAQ:TER) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,669 shares of the company’s stock after selling 2,403 shares during the quarter. Teradyne accounts for 1.3% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 25th largest position. Windward Capital Management Co. CA owned approximately 0.07% of Teradyne worth $15,967,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TER. Rothschild Investment LLC purchased a new stake in shares of Teradyne during the 2nd quarter worth approximately $33,000. Bfsg LLC purchased a new stake in Teradyne in the first quarter worth $34,000. American National Bank purchased a new stake in Teradyne in the fourth quarter worth $37,000. Tortoise Investment Management LLC raised its stake in shares of Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after buying an additional 342 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Susquehanna lifted their price objective on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Stifel Nicolaus boosted their price target on shares of Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Robert W. Baird increased their target price on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Teradyne has a consensus rating of “Hold” and an average price target of $141.50.

Teradyne Trading Down 3.7 %

Shares of TER opened at $121.45 on Friday. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21. The company has a market cap of $19.82 billion, a PE ratio of 46.18, a price-to-earnings-growth ratio of 2.60 and a beta of 1.49. The stock has a 50-day moving average price of $136.58 and a 200-day moving average price of $126.50.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. During the same period in the previous year, the business posted $0.79 earnings per share. Teradyne’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be given a $0.12 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.40%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Insider Activity at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares of the company’s stock, valued at $2,204,987.82. The disclosure for this sale can be found here. Insiders have sold a total of 7,403 shares of company stock valued at $982,631 over the last 90 days. 0.36% of the stock is owned by insiders.

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.