Eastern Bank Buys Shares of 500 Teradyne, Inc. (NASDAQ:TER)

Eastern Bank bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 500 shares of the company’s stock, valued at approximately $67,000.

A number of other hedge funds have also recently added to or reduced their stakes in TER. Capital Asset Advisory Services LLC raised its stake in shares of Teradyne by 4.7% during the first quarter. Capital Asset Advisory Services LLC now owns 3,892 shares of the company’s stock valued at $418,000 after acquiring an additional 176 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Teradyne during the first quarter valued at $113,000. Choice Wealth Advisors LLC bought a new position in shares of Teradyne during the first quarter valued at $200,000. Exchange Capital Management Inc. raised its stake in shares of Teradyne by 7.4% during the first quarter. Exchange Capital Management Inc. now owns 4,011 shares of the company’s stock valued at $453,000 after acquiring an additional 275 shares during the last quarter. Finally, Bourgeon Capital Management LLC raised its stake in shares of Teradyne by 0.7% during the first quarter. Bourgeon Capital Management LLC now owns 100,807 shares of the company’s stock valued at $11,374,000 after acquiring an additional 697 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research note on Friday, August 16th. Evercore ISI lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Susquehanna lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Citigroup lowered their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, Stifel Nicolaus lowered their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $138.71.

Teradyne Price Performance

Shares of NASDAQ TER opened at $111.75 on Friday. The stock has a market capitalization of $18.24 billion, a P/E ratio of 36.76, a P/E/G ratio of 2.57 and a beta of 1.49. The company has a 50-day moving average price of $129.41 and a 200-day moving average price of $131.73. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio is currently 15.79%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s 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 transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,977 shares of company stock worth $1,979,834 over the last three months. 0.36% of the stock is currently owned by insiders.

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.