Inspire Investing LLC Reduces Position in Teradyne, Inc. (NASDAQ:TER)

Inspire Investing LLC cut its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 18.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,949 shares of the company’s stock after selling 3,586 shares during the quarter. Inspire Investing LLC’s holdings in Teradyne were worth $2,365,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Teradyne during the 2nd quarter worth about $27,000. Rothschild Investment LLC purchased a new stake in shares of Teradyne during the 2nd quarter worth about $33,000. Tortoise Investment Management LLC boosted its stake in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. Versant Capital Management Inc boosted its stake 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 worth $52,000 after acquiring an additional 342 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Teradyne during the 1st quarter worth about $53,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,483 shares of company stock valued at $1,383,031. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Robert W. Baird upped their price target on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. The Goldman Sachs Group upped their price target on shares of Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Evercore ISI downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, UBS Group upped their price target on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $141.50.

Teradyne Price Performance

Teradyne stock opened at $127.86 on Thursday. The firm has a 50 day simple moving average of $132.73 and a 200-day simple moving average of $127.98. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21. The stock has a market cap of $20.86 billion, a price-to-earnings ratio of 48.62, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share 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 analysts’ expectations of $701.20 million. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. Teradyne’s payout ratio is currently 18.25%.

Teradyne Company 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.