Teradyne, Inc. (NYSE:TER) Shares Sold by Synovus Financial Corp

Synovus Financial Corp reduced its position in Teradyne, Inc. (NYSE:TER) by 76.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,504 shares of the semiconductor company’s stock after selling 21,494 shares during the period. Synovus Financial Corp’s holdings in Teradyne were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Preferred LLC acquired a new position in shares of Teradyne in the 2nd quarter valued at $39,000. Smithfield Trust Co. increased its holdings in Teradyne by 1,670.6% in the 3rd quarter. Smithfield Trust Co. now owns 1,505 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 1,420 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Teradyne in the 2nd quarter worth $91,000. SevenBridge Financial Group LLC increased its holdings in Teradyne by 146.9% in the 2nd quarter. SevenBridge Financial Group LLC now owns 2,185 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Teradyne by 10.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,391 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 224 shares in the last quarter.

In other news, Director Michael A. Bradley sold 7,074 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $64.30, for a total transaction of $454,858.20. Following the completion of the sale, the director now owns 40,520 shares of the company’s stock, valued at $2,605,436. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Walter G. Vahey sold 25,012 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $63.62, for a total transaction of $1,591,263.44. Following the sale, the insider now directly owns 52,754 shares of the company’s stock, valued at approximately $3,356,209.48. The disclosure for this sale can be found here. Insiders have sold 46,234 shares of company stock valued at $2,922,166 in the last ninety days. Insiders own 0.49% of the company’s stock.

Several brokerages recently commented on TER. Credit Suisse Group boosted their price target on shares of Teradyne from $55.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. DA Davidson boosted their price target on shares of Teradyne to $60.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. They noted that the move was a valuation call. Stifel Nicolaus boosted their price target on shares of Teradyne from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Citigroup boosted their price target on shares of Teradyne from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Cowen boosted their price target on shares of Teradyne from $60.00 to $64.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $58.09.

NYSE TER traded up $0.94 on Friday, hitting $63.51. The company had a trading volume of 2,024,851 shares, compared to its average volume of 2,286,867. The company has a market capitalization of $10.64 billion, a PE ratio of 27.14, a PEG ratio of 2.02 and a beta of 1.25. The company’s fifty day moving average price is $60.44 and its 200-day moving average price is $51.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.76. Teradyne, Inc. has a 12-month low of $28.73 and a 12-month high of $65.44.

Teradyne (NYSE:TER) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.07. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The business had revenue of $582.04 million during the quarter, compared to analyst estimates of $565.43 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Teradyne, Inc. will post 2.25 EPS for the current year.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

Further Reading: Calculating net profit and net profit margin ratio

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Institutional Ownership by Quarter for Teradyne (NYSE:TER)

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