Perpetual Ltd Acquires Shares of 4,348 Teradyne, Inc. $TER

Perpetual Ltd bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,348 shares of the company’s stock, valued at approximately $598,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sunflower Bank N.A. bought a new stake in shares of Teradyne during the 3rd quarter worth $264,000. Board of the Pension Protection Fund acquired a new position in Teradyne during the third quarter worth about $262,000. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Teradyne by 8.6% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 10,286 shares of the company’s stock worth $1,416,000 after acquiring an additional 811 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Teradyne by 8.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,726 shares of the company’s stock worth $375,000 after acquiring an additional 217 shares during the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $325,000. Institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer owned 93,409 shares in the company, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 3,324 shares of company stock worth $583,639. Corporate insiders own 0.16% of the company’s stock.

Teradyne Stock Up 2.5%

Shares of Teradyne stock opened at $195.18 on Monday. The stock has a market cap of $30.57 billion, a price-to-earnings ratio of 70.97, a P/E/G ratio of 2.04 and a beta of 1.85. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $205.00. The company’s fifty day moving average is $172.76 and its 200 day moving average is $130.65.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The firm had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. As a group, equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were issued a $0.12 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is presently 17.45%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TER shares. Evercore ISI upped their price objective on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Citigroup boosted their target price on shares of Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Robert W. Baird set a $195.00 price objective on Teradyne in a report on Friday, October 31st. Finally, Wall Street Zen raised Teradyne from a “sell” rating to a “hold” rating in a report on Monday, September 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

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.