Blue Trust Inc. Purchases 414 Shares of Teradyne, Inc. (NASDAQ:TER)

Blue Trust Inc. grew its position in shares of Teradyne, Inc. (NASDAQ:TER) by 295.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 554 shares of the company’s stock after acquiring an additional 414 shares during the quarter. Blue Trust Inc.’s holdings in Teradyne were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bfsg LLC bought a new stake in shares of Teradyne during the first quarter valued at approximately $34,000. American National Bank purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $37,000. Versant Capital Management Inc boosted its position in Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after purchasing an additional 342 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Teradyne in the second quarter worth $65,000. Finally, Mather Group LLC. purchased a new position in Teradyne in the first quarter worth $53,000. Institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Citigroup cut their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. UBS Group boosted their price objective on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. KeyCorp boosted their price objective on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Finally, Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $141.50.

Insider Transactions at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.

Teradyne Stock Up 2.8 %

Shares of NASDAQ TER opened at $135.41 on Thursday. The firm has a market capitalization of $22.10 billion, a P/E ratio of 51.49, a P/E/G ratio of 2.73 and a beta of 1.50. The stock’s 50-day simple moving average is $140.57 and its two-hundred day simple moving average is $123.91. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last announced its 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. The business had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. As a group, research analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current fiscal year.

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.