Teradyne, Inc. (NASDAQ:TER) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 2.4% during the third quarter, Holdings Channel.com reports. The firm owned 158,117 shares of the company’s stock after purchasing an additional 3,665 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Teradyne were worth $21,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TER. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth about $27,000. Rothschild Investment LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth about $33,000. Quarry LP raised its position in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Teradyne by 3,800.0% during the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after acquiring an additional 342 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity at Teradyne

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

Analyst Ratings Changes

Several research firms have commented on TER. UBS Group lifted their price target on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target on the stock. in a research report on Friday, July 26th. Evercore ISI lifted their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday. Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Stifel Nicolaus lifted their price target on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Teradyne has an average rating of “Hold” and a consensus price target of $142.57.

Teradyne Price Performance

Teradyne stock opened at $131.91 on Friday. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21. The company has a market cap of $21.53 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 2.64 and a beta of 1.49. The stock’s 50 day moving average price is $129.28 and its 200 day moving average price is $130.91.

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

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.36%. Teradyne’s dividend payout ratio (DPR) is presently 15.79%.

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.