Benjamin F. Edwards & Company Inc. Acquires 6,022 Shares of Teradyne, Inc. (NASDAQ:TER)

Benjamin F. Edwards & Company Inc. lifted its holdings in Teradyne, Inc. (NASDAQ:TER) by 206.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,934 shares of the company’s stock after purchasing an additional 6,022 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Teradyne were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Teradyne by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after buying an additional 135,286 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after purchasing an additional 453,926 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after purchasing an additional 385,115 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Teradyne by 3.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock worth $246,210,000 after purchasing an additional 68,924 shares during the period. Finally, Nikko Asset Management Americas Inc. raised its stake in Teradyne by 1.1% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 1,379,062 shares of the company’s stock valued at $155,600,000 after buying an additional 14,526 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup cut their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. UBS Group increased their price objective on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Evercore ISI lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and an average price target of $141.50.

Teradyne Price Performance

TER stock opened at $129.69 on Tuesday. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21. The business has a 50 day simple moving average of $131.76 and a two-hundred day simple moving average of $128.51. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 2.62 and a beta of 1.49.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million during 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%. Teradyne’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. Sell-side analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, September 5th. Teradyne’s payout ratio is presently 18.25%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now directly 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 can be accessed through this hyperlink. In related news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. The disclosure for this sale can be found here. Insiders sold 10,483 shares of company stock worth $1,383,031 in the last quarter. 0.36% of the stock is owned by corporate 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.