Teradyne, Inc. (NASDAQ:TER) Shares Bought by Goodman Advisory Group LLC

Goodman Advisory Group LLC increased its stake in Teradyne, Inc. (NASDAQ:TER) by 45.0% during the second quarter, HoldingsChannel.com reports. The fund owned 22,426 shares of the company’s stock after buying an additional 6,964 shares during the period. Teradyne makes up approximately 1.0% of Goodman Advisory Group LLC’s holdings, making the stock its 25th biggest position. Goodman Advisory Group LLC’s holdings in Teradyne were worth $3,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of TER. Swedbank AB boosted its stake in Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after purchasing an additional 426,900 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Teradyne by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after buying an additional 50,156 shares in the last quarter. Caxton Associates LP acquired a new position in Teradyne during the fourth quarter valued at $1,560,000. Janney Montgomery Scott LLC lifted its stake in Teradyne by 8.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after acquiring an additional 14,272 shares in the last quarter. Finally, KBC Group NV boosted its position in Teradyne by 1,544.3% during the 4th quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after acquiring an additional 444,442 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TER. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a research report on Friday, August 16th. Robert W. Baird increased their price objective on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Stifel Nicolaus boosted 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. KeyCorp raised their price target on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. lifted their price target on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $141.50.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s 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 transaction, the director now directly owns 17,143 shares in the company, valued at $2,207,504.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Sanjay Mehta sold 6,153 shares of the company’s 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 transaction, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated 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 directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. Insiders sold 10,483 shares of company stock worth $1,383,031 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

Teradyne Stock Down 2.0 %

Shares of NASDAQ TER opened at $134.64 on Friday. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The company has a market cap of $21.97 billion, a P/E ratio of 51.19, a P/E/G ratio of 2.68 and a beta of 1.49. The business’s 50 day moving average is $129.61 and its two-hundred day moving average is $129.09.

Teradyne (NASDAQ:TER) last released its 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. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. During the same period last year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business 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. This represents a $0.48 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio is 18.25%.

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.