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

Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 5.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,613 shares of the company’s stock after acquiring an additional 369 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Teradyne were worth $1,020,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its position in Teradyne by 0.6% in the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after purchasing an additional 83 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Teradyne by 17.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after buying an additional 96 shares during the period. Wealth Alliance increased its holdings in shares of Teradyne by 3.3% in the second quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after buying an additional 98 shares during the period. Quent Capital LLC lifted its stake in shares of Teradyne by 6.0% in the 2nd quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock valued at $277,000 after acquiring an additional 105 shares during the last quarter. Finally, Covestor Ltd grew its position in Teradyne by 10.2% during the 1st quarter. Covestor Ltd now owns 1,162 shares of the company’s stock worth $131,000 after acquiring an additional 108 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Susquehanna boosted their price objective on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Northland Securities dropped their price target on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. StockNews.com cut shares of Teradyne from a “hold” rating to a “sell” rating in a research report on Tuesday. Evercore ISI increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus raised their target price on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $142.57.

Teradyne Trading Up 2.3 %

TER traded up $2.98 during midday trading on Thursday, reaching $129.98. The company’s stock had a trading volume of 426,834 shares, compared to its average volume of 1,975,898. The stock’s 50-day moving average is $130.06 and its 200-day moving average is $131.26. Teradyne, Inc. has a 1 year low of $81.07 and a 1 year high of $163.21. The firm has a market capitalization 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 quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $701.20 million. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

Insider Transactions at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction 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 owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,977 shares of company stock worth $1,979,834. Corporate insiders own 0.18% of the company’s stock.

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.