Mitchell & Pahl Private Wealth LLC Purchases 490 Shares of Teradyne, Inc. (NASDAQ:TER)

Mitchell & Pahl Private Wealth LLC increased its position in shares of Teradyne, Inc. (NASDAQ:TER) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,103 shares of the company’s stock after acquiring an additional 490 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Teradyne were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TER. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter valued at about $29,000. Quarry LP raised its stake in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares in the last quarter. Coastline Trust Co bought a new stake in Teradyne during the third quarter valued at approximately $46,000. Brooklyn Investment Group purchased a new position in Teradyne in the 3rd quarter worth approximately $52,000. Finally, Eastern Bank bought a new position in shares of Teradyne in the 3rd quarter worth $67,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of a number of research analyst reports. Craig Hallum dropped their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Evercore ISI lifted their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird reduced their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $145.00 to $158.00 in a research report on Monday, December 16th. Finally, StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.33.

Teradyne Stock Performance

Shares of Teradyne stock opened at $138.40 on Tuesday. Teradyne, Inc. has a 52-week low of $92.29 and a 52-week high of $163.21. The company’s 50 day moving average price is $121.25 and its 200-day moving average price is $126.95. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 43.94, a P/E/G ratio of 2.30 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Teradyne Company 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.