IHT Wealth Management LLC Invests $277,000 in Teradyne, Inc. (NASDAQ:TER)

IHT Wealth Management LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,105 shares of the company’s stock, valued at approximately $277,000.

Several other large investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in Teradyne during the second quarter worth $27,000. Capital Performance Advisors LLP bought a new position in Teradyne during the third quarter worth $29,000. Rothschild Investment LLC bought a new position in Teradyne during the second quarter worth $33,000. Quarry LP boosted its stake in Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in shares of Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This represents a 3.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the sale, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,574 shares of company stock valued at $997,203 in the last 90 days. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TER shares. Northland Securities cut their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Craig Hallum decreased their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Evercore ISI upped their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $142.62.

Teradyne Price Performance

Shares of NASDAQ TER opened at $119.56 on Tuesday. Teradyne, Inc. has a one year low of $92.29 and a one year high of $163.21. The business’s fifty day moving average price is $116.24 and its 200-day moving average price is $130.35. The stock has a market capitalization of $19.47 billion, a PE ratio of 37.62, a P/E/G ratio of 2.56 and a beta of 1.51.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts expect that Teradyne, Inc. will post 3.17 EPS for the current fiscal year.

Teradyne announced that its board has authorized a stock repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.40%. Teradyne’s dividend payout ratio is presently 15.24%.

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.