Rhumbline Advisers Buys 8,849 Shares of Teradyne, Inc. (NASDAQ:TER)

Rhumbline Advisers grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 2.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 309,933 shares of the company’s stock after acquiring an additional 8,849 shares during the quarter. Rhumbline Advisers owned about 0.20% of Teradyne worth $45,960,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. 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 buying an additional 79 shares in the last quarter. Blair William & Co. IL raised its holdings 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 in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Teradyne by 17.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after purchasing an additional 96 shares in the last quarter. Quent Capital LLC increased its holdings in Teradyne by 6.0% in the 2nd quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock worth $277,000 after purchasing an additional 105 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Teradyne by 4.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. The Goldman Sachs Group upped their target price on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Northland Securities lowered their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a report on Friday, July 26th. Susquehanna upped their target price on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Finally, Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $141.50.

Insiders Place Their Bets

In other news, 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 completion of the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other 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 value of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 completion of the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,403 shares of company stock worth $982,631. Corporate insiders own 0.36% of the company’s stock.

Teradyne Price Performance

Shares of Teradyne stock opened at $126.10 on Friday. The stock’s 50-day moving average is $137.12 and its 200 day moving average is $126.19. The firm has a market cap of $20.58 billion, a price-to-earnings ratio of 47.95, a PEG ratio of 2.80 and a beta of 1.49. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results 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 business had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, sell-side analysts expect that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.38%. Teradyne’s payout ratio is currently 18.25%.

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.