Private Advisor Group LLC Acquires 190 Shares of Teradyne, Inc. (NASDAQ:TER)

Private Advisor Group LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 3.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,110 shares of the company’s stock after buying an additional 190 shares during the period. Private Advisor Group LLC’s holdings in Teradyne were worth $906,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Principal Securities Inc. purchased a new position in Teradyne in the fourth quarter worth about $97,000. Envestnet Portfolio Solutions Inc. raised its holdings in Teradyne by 3.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,416 shares of the company’s stock worth $805,000 after buying an additional 227 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in Teradyne in the fourth quarter worth about $228,000. Financial Advocates Investment Management purchased a new position in Teradyne in the fourth quarter worth about $253,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Teradyne by 78.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 85,226 shares of the company’s stock valued at $86,000 after purchasing an additional 37,526 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 2.5 %

Shares of NASDAQ TER opened at $127.98 on Tuesday. The firm has a market capitalization of $19.98 billion, a price-to-earnings ratio of 48.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $163.21. The firm has a 50 day moving average of $133.83 and a 200 day moving average of $127.82.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. Sell-side analysts predict that Teradyne, Inc. will post 3.02 EPS for the current 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 given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. Teradyne’s payout ratio is currently 18.25%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. 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 83,816 shares in the company, valued at $10,896,080. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. Insiders sold a total of 10,483 shares of company stock worth $1,383,031 over the last three months. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. Citigroup decreased their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. Evercore ISI cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. KeyCorp boosted their price objective on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Robert W. Baird boosted their price objective on shares of Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Northland Securities decreased their price objective on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Teradyne currently has a consensus rating of “Hold” and an average target price of $141.50.

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.