Goodman Advisory Group LLC Raises Stake in Teradyne, Inc. (NASDAQ:TER)

Goodman Advisory Group LLC grew its position in Teradyne, Inc. (NASDAQ:TER) by 45.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,426 shares of the company’s stock after purchasing an additional 6,964 shares during the quarter. Teradyne makes up 1.0% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 25th largest position. Goodman Advisory Group LLC’s holdings in Teradyne were worth $3,326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Teradyne during the second quarter worth approximately $27,000. Rothschild Investment LLC acquired a new position in Teradyne in the second quarter valued at $33,000. Tortoise Investment Management LLC grew its holdings in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Teradyne by 3,800.0% during 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 in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Teradyne in the 1st quarter valued at about $53,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $134.64 on Friday. The business’s 50-day simple moving average is $129.61 and its 200 day simple moving average is $129.09. The company has a market cap of $21.97 billion, a P/E ratio of 51.19, a PEG ratio of 2.68 and a beta of 1.49. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. Analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Robert W. Baird boosted their target price on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Evercore ISI cut Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their target price on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Finally, Susquehanna upped their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $141.50.

Insider Activity at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’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 value of $80,481.25. Following the sale, the director now owns 17,143 shares in the company, valued at $2,207,504.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The disclosure for this sale can be found here. Insiders sold a total of 10,483 shares of company stock valued at $1,383,031 in the last quarter. Insiders own 0.36% of the company’s stock.

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.