Capital Asset Advisory Services LLC Buys 176 Shares of Teradyne, Inc. (NASDAQ:TER)

Capital Asset Advisory Services LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,892 shares of the company’s stock after purchasing an additional 176 shares during the period. Capital Asset Advisory Services LLC’s holdings in Teradyne were worth $418,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TER. Acadian Asset Management LLC bought a new stake in shares of Teradyne during the third quarter worth about $167,000. LPL Financial LLC raised its stake in shares of Teradyne by 24.5% in the third quarter. LPL Financial LLC now owns 108,358 shares of the company’s stock worth $10,886,000 after purchasing an additional 21,329 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Teradyne by 23.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,501 shares of the company’s stock valued at $553,000 after purchasing an additional 1,046 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Teradyne during the third quarter valued at approximately $255,000. Finally, Qube Research & Technologies Ltd grew its holdings in Teradyne by 73.6% during the third quarter. Qube Research & Technologies Ltd now owns 270,027 shares of the company’s stock worth $27,127,000 after buying an additional 114,456 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling

In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the transaction, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $137.64, for a total value of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the sale, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,005 shares of company stock valued at $1,304,763. Corporate insiders own 0.36% of the company’s stock.

Teradyne Stock Up 0.5 %

Teradyne stock traded up $0.72 during midday trading on Friday, reaching $148.29. The stock had a trading volume of 2,820,952 shares, compared to its average volume of 2,039,016. The firm has a market capitalization of $23.15 billion, a PE ratio of 56.29, a P/E/G ratio of 2.77 and a beta of 1.51. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $152.23. The firm’s 50-day moving average price is $133.03 and its 200 day moving average price is $114.67.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Equities research analysts expect that Teradyne, Inc. will post 3.04 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.32%. Teradyne’s payout ratio is 18.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TER shares. Robert W. Baird raised their price objective on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. The Goldman Sachs Group upped their price objective on shares of Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. lifted their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Thursday, April 25th. Finally, Susquehanna lifted their price target on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.85.

Teradyne Company Profile

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.