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

Midwest Professional Planners LTD. grew its stake in Teradyne, Inc. (NASDAQ:TER) by 31.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,311 shares of the company’s stock after buying an additional 2,486 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Teradyne were worth $1,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TER. Root Financial Partners LLC purchased a new stake in Teradyne in the third quarter worth about $31,000. Davidson Capital Management Inc. purchased a new stake in Teradyne during the 3rd quarter valued at approximately $31,000. CYBER HORNET ETFs LLC purchased a new stake in Teradyne during the 2nd quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Teradyne during the 4th quarter valued at approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Teradyne during the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the subject of a number of research analyst reports. Bank of America increased their price objective on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley set a $387.00 price objective on shares of Teradyne in a report on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Citigroup increased their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus raised their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Price Performance

NASDAQ TER opened at $321.52 on Wednesday. The stock has a market capitalization of $50.33 billion, a PE ratio of 59.54, a P/E/G ratio of 1.32 and a beta of 1.79. The business has a 50 day simple moving average of $337.02 and a two-hundred day simple moving average of $266.66. Teradyne, Inc. has a 1-year low of $75.99 and a 1-year high of $422.11.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. On average, analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be issued a $0.13 dividend. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the transaction, the chief executive officer owned 124,470 shares in the company, valued at approximately $42,192,840.60. The trade was a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the transaction, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.

About Teradyne

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.