Larson Financial Group LLC Has $225,000 Position in Teradyne, Inc. (NASDAQ:TER)

Larson Financial Group LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 34.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,681 shares of the company’s stock after purchasing an additional 432 shares during the period. Larson Financial Group LLC’s holdings in Teradyne were worth $225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Swedbank AB increased its holdings in shares of Teradyne by 2.4% in the third quarter. Swedbank AB now owns 657,084 shares of the company’s stock valued at $88,003,000 after purchasing an additional 15,470 shares during the last quarter. WESPAC Advisors LLC boosted its position in shares of Teradyne by 17.7% in the third quarter. WESPAC Advisors LLC now owns 5,088 shares of the company’s stock valued at $681,000 after acquiring an additional 765 shares during the period. Cerity Partners LLC boosted its position in shares of Teradyne by 87.1% in the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after acquiring an additional 5,294 shares during the period. Meridian Wealth Management LLC bought a new stake in shares of Teradyne in the third quarter valued at about $275,000. Finally, Raymond James Trust N.A. boosted its position in shares of Teradyne by 8.2% in the third quarter. Raymond James Trust N.A. now owns 3,337 shares of the company’s stock valued at $447,000 after acquiring an additional 253 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Northland Securities reduced their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research report on Friday, October 25th. Robert W. Baird reduced their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Craig Hallum reduced their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.62.

Teradyne Trading Down 0.9 %

TER stock opened at $108.09 on Thursday. The stock has a market capitalization of $17.60 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21. The firm has a 50-day moving average price of $118.84 and a 200-day moving average price of $131.36.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, equities analysts predict that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio is currently 15.24%.

Teradyne announced that its board has authorized a share repurchase plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 owns 83,816 shares of the company’s stock, valued at $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard John Burns sold 789 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,199 shares of company stock valued at $1,080,634 over the last quarter. 0.18% of the stock is owned by company insiders.

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.