Wahed Invest LLC Raises Position in Teradyne, Inc. (NASDAQ:TER)

Wahed Invest LLC raised its holdings in Teradyne, Inc. (NASDAQ:TER) by 14.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,011 shares of the company’s stock after acquiring an additional 384 shares during the quarter. Wahed Invest LLC’s holdings in Teradyne were worth $340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Vanguard Group Inc. raised its holdings in shares of Teradyne by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock valued at $2,078,462,000 after purchasing an additional 135,286 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Teradyne by 10.4% in the 1st quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after purchasing an additional 453,926 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Teradyne by 14.6% in the 1st quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock valued at $342,178,000 after purchasing an additional 385,115 shares in the last quarter. Boston Partners raised its stake in Teradyne by 23.2% during the 4th quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after acquiring an additional 544,482 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Teradyne by 3.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock worth $246,210,000 after acquiring an additional 68,924 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the transaction, the director now directly owns 18,393 shares in the company, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,255 shares of company stock valued at $854,538 in the last quarter. Company insiders own 0.36% of the company’s stock.

Teradyne Trading Down 3.7 %

NASDAQ TER traded down $4.47 during trading hours on Friday, reaching $117.27. 3,521,480 shares of the company traded hands, compared to its average volume of 2,092,059. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $163.21. The stock has a market capitalization of $18.31 billion, a PE ratio of 46.29, a PEG ratio of 2.69 and a beta of 1.50. The company has a 50 day moving average of $145.62 and a two-hundred day moving average of $121.81.

Teradyne (NASDAQ:TER) last issued 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 company had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm’s 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 earnings per share. On average, equities research analysts anticipate that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a $0.12 dividend. 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 0.41%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TER. Robert W. Baird lifted their price target on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday. Craig Hallum lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research note on Friday, July 26th. Citigroup dropped their price objective on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Evercore ISI lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $142.93.

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.