Deseret Mutual Benefit Administrators Grows Position in Teradyne, Inc. (NASDAQ:TER)

Deseret Mutual Benefit Administrators raised its holdings in Teradyne, Inc. (NASDAQ:TER) by 32.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,073 shares of the company’s stock after acquiring an additional 263 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Teradyne were worth $159,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mitchell & Pahl Private Wealth LLC lifted its holdings in Teradyne by 1.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after acquiring an additional 79 shares during the period. Blair William & Co. IL raised its stake in shares of Teradyne by 0.6% during the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after buying an additional 83 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake 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 during the last quarter. Quent Capital LLC raised its stake in shares of Teradyne by 6.0% during 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. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Teradyne by 4.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Down 1.0 %

Shares of Teradyne stock traded down $1.21 during trading hours on Thursday, hitting $125.55. 32,315 shares of the company’s stock traded hands, compared to its average volume of 2,032,770. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21. The stock has a 50 day simple moving average of $137.55 and a 200-day simple moving average of $126.19. The company has a market cap of $20.49 billion, a PE ratio of 48.20, a PEG ratio of 2.80 and a beta of 1.49.

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 the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. Teradyne’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. As a group, equities research analysts predict that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be paid 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 yield of 0.38%. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TER. Citigroup cut their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Robert W. Baird boosted their target price on shares of Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. 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. 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. Finally, Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Teradyne currently has an average rating of “Hold” and an average price target of $141.50.

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.