Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,255 shares of the company’s stock after buying an additional 133 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Teradyne were worth $1,373,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Forsta AP Fonden boosted its holdings in Teradyne by 20.4% in the third quarter. Forsta AP Fonden now owns 33,600 shares of the company’s stock valued at $4,500,000 after purchasing an additional 5,700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Teradyne by 1.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 238,995 shares of the company’s stock valued at $32,178,000 after purchasing an additional 2,596 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Teradyne by 4.5% in the third quarter. Louisiana State Employees Retirement System now owns 9,200 shares of the company’s stock valued at $1,232,000 after purchasing an additional 400 shares during the last quarter. Outlook Wealth Advisors LLC boosted its holdings in Teradyne by 4.0% in the third quarter. Outlook Wealth Advisors LLC now owns 3,057 shares of the company’s stock valued at $409,000 after purchasing an additional 118 shares during the last quarter. Finally, Zweig DiMenna Associates LLC boosted its holdings in Teradyne by 21.2% in the third quarter. Zweig DiMenna Associates LLC now owns 147,658 shares of the company’s stock valued at $19,776,000 after purchasing an additional 25,858 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TER has been the topic of a number of research analyst reports. Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Friday, August 16th. Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Robert W. Baird reduced their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $142.62.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $104.27 on Tuesday. The firm has a market cap of $17.01 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52. The firm’s fifty day moving average is $126.41 and its 200-day moving average is $132.22. Teradyne, Inc. has a 52 week low of $84.66 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the prior year, the business posted $0.80 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Sell-side analysts forecast that Teradyne, Inc. will post 3.15 EPS for the current year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.46%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio is presently 15.24%.

Insider Activity

In other news, CFO Sanjay Mehta sold 6,153 shares of Teradyne 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 sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares in the company, valued at approximately $2,204,987.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,352 shares of company stock worth $1,899,353. 0.36% of the stock is currently 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.