Mitchell & Pahl Private Wealth LLC Buys 490 Shares of Teradyne, Inc. (NASDAQ:TER)

Mitchell & Pahl Private Wealth LLC grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,103 shares of the company’s stock after purchasing an additional 490 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Teradyne were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TER. UMB Bank n.a. lifted its holdings in shares of Teradyne by 28.4% in the 4th quarter. UMB Bank n.a. now owns 701 shares of the company’s stock worth $88,000 after purchasing an additional 155 shares in the last quarter. Gilman Hill Asset Management LLC lifted its stake in shares of Teradyne by 6.5% in the fourth quarter. Gilman Hill Asset Management LLC now owns 23,927 shares of the company’s stock valued at $3,013,000 after buying an additional 1,465 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Teradyne by 5.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock valued at $324,000 after buying an additional 132 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Teradyne during the fourth quarter valued at about $3,781,000. Finally, Bouvel Investment Partners LLC increased its position in shares of Teradyne by 1.2% during the fourth quarter. Bouvel Investment Partners LLC now owns 22,810 shares of the company’s stock worth $2,872,000 after acquiring an additional 281 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 0.6 %

Teradyne stock opened at $138.40 on Tuesday. The firm has a 50 day moving average price of $121.25 and a 200-day moving average price of $126.95. Teradyne, Inc. has a twelve month low of $92.29 and a twelve month high of $163.21. The company has a market capitalization of $22.54 billion, a P/E ratio of 43.94, a P/E/G ratio of 2.30 and a beta of 1.46.

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

Teradyne declared that its Board of Directors has authorized a stock buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were 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 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

TER has been the subject of a number of analyst reports. Stifel Nicolaus cut their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Craig Hallum lowered their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Finally, Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.33.

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.