Thrivent Financial for Lutherans Buys 18,612 Shares of Teradyne, Inc. $TER

Thrivent Financial for Lutherans grew its stake in Teradyne, Inc. (NASDAQ:TER) by 291.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,995 shares of the company’s stock after acquiring an additional 18,612 shares during the period. Thrivent Financial for Lutherans’ holdings in Teradyne were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne in the second quarter valued at approximately $35,000. Steph & Co. bought a new position in Teradyne in the 2nd quarter valued at $43,000. MUFG Securities EMEA plc acquired a new stake in shares of Teradyne in the 2nd quarter valued at $43,000. Bayforest Capital Ltd increased its stake in shares of Teradyne by 195.5% in the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock valued at $47,000 after buying an additional 346 shares during the period. Finally, Manchester Capital Management LLC raised its position in shares of Teradyne by 29.4% during the second quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock worth $53,000 after acquiring an additional 133 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

NASDAQ TER opened at $198.50 on Wednesday. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $205.00. The business has a 50 day simple moving average of $175.15 and a 200 day simple moving average of $132.26. The stock has a market cap of $31.09 billion, a price-to-earnings ratio of 72.18, a PEG ratio of 2.06 and a beta of 1.85.

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

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were issued a dividend of $0.12 per share. 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%.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated 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 owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TER. Robert W. Baird set a $195.00 price target on Teradyne in a report on Friday, October 31st. Stifel Nicolaus set a $225.00 target price on shares of Teradyne and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Industrial Alliance Securities set a $175.00 target price on shares of Teradyne in a research note on Tuesday, October 28th. Citigroup lifted their price target 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. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Teradyne Company 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.