1,657 Shares in Teradyne, Inc. (NASDAQ:TER) Acquired by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,657 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors have also made changes to their positions in TER. Van ECK Associates Corp boosted its holdings in shares of Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after purchasing an additional 453,926 shares during the period. Swedbank AB boosted its holdings in shares of Teradyne by 198.8% during the second 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. Ossiam boosted its holdings in shares of Teradyne by 13,540.0% during the first quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after purchasing an additional 416,898 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Teradyne by 4,854.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company’s stock worth $44,907,000 after purchasing an additional 389,975 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Teradyne by 14.6% during the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after purchasing an additional 385,115 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TER shares. Susquehanna raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Evercore ISI lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. UBS Group raised their price objective on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, 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. 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.50.

Teradyne Trading Down 0.5 %

Shares of TER stock opened at $133.93 on Tuesday. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21. The firm’s fifty day simple moving average is $129.20 and its 200 day simple moving average is $129.62. The firm has a market capitalization of $21.85 billion, a P/E ratio of 50.92, a price-to-earnings-growth ratio of 2.76 and a beta of 1.49.

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. 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 the consensus estimate of $701.20 million. During the same quarter in the previous year, the company earned $0.79 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. 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. Shareholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.36%. Teradyne’s dividend payout ratio is currently 18.25%.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were 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 in the company, valued at approximately $4,768,072.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the sale, the director now owns 16,518 shares in the company, valued at approximately $2,204,987.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. Insiders have sold 10,483 shares of company stock worth $1,383,031 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

About Teradyne

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.