Mitchell & Pahl Private Wealth LLC Acquires 369 Shares of Teradyne, Inc. (NASDAQ:TER)

Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,613 shares of the company’s stock after buying an additional 369 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Teradyne were worth $1,020,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Teradyne in the second quarter worth about $27,000. Rothschild Investment LLC bought a new stake in Teradyne during the 2nd quarter worth approximately $33,000. Quarry LP lifted its holdings in Teradyne by 256.1% during 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. Tortoise Investment Management LLC boosted its position in shares of Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after purchasing an additional 342 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Up 2.3 %

Teradyne stock traded up $2.98 during mid-day trading on Thursday, reaching $129.98. 426,834 shares of the company’s stock traded hands, compared to its average volume of 1,975,898. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21. The stock has a 50 day moving average of $130.06 and a two-hundred day moving average of $131.26. The company has a market cap of $21.21 billion, a price-to-earnings ratio of 41.78, a PEG ratio of 2.74 and a beta of 1.49.

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

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is 15.79%.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction 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 sale, the director now owns 17,143 shares in the company, valued at approximately $2,207,504.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $409,024.00. Following the transaction, the chief executive officer now owns 80,736 shares of the company’s stock, valued at $10,721,740.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,977 shares of company stock worth $1,979,834. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Susquehanna lifted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research report on Friday, July 26th. StockNews.com cut Teradyne from a “hold” rating to a “sell” rating in a research report on Tuesday. Stifel Nicolaus lifted their target price on Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $142.57.

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.