Midwest Professional Planners LTD. Raises Stake in Teradyne, Inc. $TER

Midwest Professional Planners LTD. lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 162.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,825 shares of the company’s stock after acquiring an additional 4,839 shares during the period. Midwest Professional Planners LTD.’s holdings in Teradyne were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meridian Wealth Management LLC purchased a new position in Teradyne during the third quarter worth about $218,000. Mutual Advisors LLC acquired a new stake in shares of Teradyne during the 3rd quarter worth approximately $265,000. UMB Bank n.a. raised its position in shares of Teradyne by 6.7% during the 3rd quarter. UMB Bank n.a. now owns 2,253 shares of the company’s stock valued at $310,000 after buying an additional 141 shares during the period. Frank Rimerman Advisors LLC purchased a new position in Teradyne in the third quarter worth approximately $290,000. Finally, Keybank National Association OH grew its position in Teradyne by 40.1% in the third quarter. Keybank National Association OH now owns 4,131 shares of the company’s stock worth $569,000 after acquiring an additional 1,182 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Robert W. Baird set a $195.00 target price on shares of Teradyne in a research note on Friday, October 31st. Susquehanna reiterated a “positive” rating and set a $275.00 price target on shares of Teradyne in a research report on Monday, January 12th. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Citigroup increased their price objective on shares of Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $206.38.

Teradyne Stock Performance

Shares of TER opened at $241.05 on Friday. The company’s 50-day simple moving average is $207.62 and its 200-day simple moving average is $157.56. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $255.20. The stock has a market capitalization of $37.75 billion, a PE ratio of 87.65, a P/E/G ratio of 1.80 and a beta of 1.84.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is currently 17.45%.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.