Creative Planning Buys 2,451 Shares of Teradyne, Inc. (NASDAQ:TER)

Creative Planning raised its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 17.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,848 shares of the company’s stock after acquiring an additional 2,451 shares during the period. Creative Planning’s holdings in Teradyne were worth $2,498,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC lifted its position in shares of Teradyne by 1.1% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after purchasing an additional 79 shares in the last quarter. Blair William & Co. IL increased its stake in Teradyne by 0.6% in the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock valued at $1,693,000 after buying an additional 83 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Teradyne by 17.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after buying an additional 96 shares in the last quarter. Wealth Alliance lifted its position in shares of Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after buying an additional 98 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in shares of Teradyne by 6.0% in the 2nd quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock worth $277,000 after buying an additional 105 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TER. Citigroup decreased their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. Robert W. Baird boosted their price target on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Finally, KeyCorp boosted their target price on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $141.50.

Teradyne Trading Up 1.2 %

Shares of TER opened at $130.50 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 $21.29 billion, a PE ratio of 49.62, a price-to-earnings-growth ratio of 2.69 and a beta of 1.49. The stock has a 50-day moving average price of $128.67 and a 200-day moving average price of $130.00.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data 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 company had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. As a group, analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Insider Activity at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the business’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 sale, the director now owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the transaction, the director now directly owns 16,518 shares of the company’s stock, valued at $2,204,987.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,977 shares of company stock valued at $1,979,834. Insiders own 0.36% of the company’s stock.

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.