Inspire Advisors LLC Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

Inspire Advisors LLC boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,374 shares of the company’s stock after acquiring an additional 121 shares during the period. Inspire Advisors LLC’s holdings in Teradyne were worth $945,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Teradyne by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock worth $1,074,000 after acquiring an additional 79 shares during the period. Blair William & Co. IL grew its stake in shares of 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 period. Massmutual Trust Co. FSB ADV increased its holdings 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 position in shares of Teradyne by 6.0% during the 2nd quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock valued at $277,000 after buying an additional 105 shares during the period. Finally, Covestor Ltd raised its position in shares of Teradyne by 10.2% during the 1st quarter. Covestor Ltd now owns 1,162 shares of the company’s stock valued at $131,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $131.23 on Friday. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The firm has a market capitalization of $21.41 billion, a P/E ratio of 49.90, a P/E/G ratio of 2.69 and a beta of 1.49. The company’s fifty day moving average price is $134.35 and its 200 day moving average price is $127.26.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date is Thursday, September 5th. Teradyne’s payout ratio is currently 18.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird increased their price target on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research report on Friday, August 16th. KeyCorp boosted their price target 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. Northland Securities lowered their price objective on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.50.

Insider Buying and Selling at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the sale, 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. Over the last three months, insiders have sold 10,483 shares of company stock worth $1,383,031. 0.36% of the stock is owned by company 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.