Private Advisor Group LLC Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

Private Advisor Group LLC grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,110 shares of the company’s stock after acquiring an additional 190 shares during the period. Private Advisor Group LLC’s holdings in Teradyne were worth $906,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in Teradyne in the 2nd quarter worth approximately $33,000. Tortoise Investment Management LLC lifted its stake in Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Versant Capital Management Inc lifted its stake in Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after purchasing an additional 342 shares in the last quarter. Mather Group LLC. purchased a new stake in Teradyne in the 1st quarter worth approximately $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Teradyne in the 2nd quarter worth approximately $65,000. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. The disclosure for this sale can be found here. Insiders have sold a total of 10,483 shares of company stock valued at $1,383,031 in the last quarter. Insiders own 0.36% of the company’s stock.

Teradyne Stock Down 2.5 %

Shares of Teradyne stock opened at $127.98 on Tuesday. The firm has a market cap of $19.98 billion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21. The company’s fifty day simple moving average is $133.83 and its two-hundred day simple moving average is $127.82.

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

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TER. Evercore ISI cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Craig Hallum cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research report on Friday, July 26th. Susquehanna raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. UBS Group raised their price objective on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Robert W. Baird raised their price objective on shares of Teradyne from $120.00 to $140.00 and gave the company 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.50.

About Teradyne

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.