Larson Financial Group LLC Has $225,000 Holdings in Teradyne, Inc. (NASDAQ:TER)

Larson Financial Group LLC lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 34.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,681 shares of the company’s stock after buying an additional 432 shares during the period. Larson Financial Group LLC’s holdings in Teradyne were worth $225,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Teradyne in the 3rd quarter worth $29,000. Rothschild Investment LLC bought a new position in shares of Teradyne in the 2nd quarter worth $33,000. Quarry LP lifted its holdings in shares of Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Teradyne by 76.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird cut their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Craig Hallum cut their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Northland Securities dropped their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a research note on Friday, August 16th. Finally, StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of “Hold” and a consensus target price of $142.62.

Teradyne Price Performance

Shares of Teradyne stock opened at $108.09 on Thursday. The stock has a fifty day moving average price of $118.84 and a 200-day moving average price of $131.36. Teradyne, Inc. has a 1 year low of $90.24 and a 1 year high of $163.21. The firm has a market cap of $17.60 billion, a PE ratio of 34.31, a P/E/G ratio of 2.39 and a beta of 1.52.

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is currently 15.24%.

Teradyne announced that its Board of Directors has initiated a share buyback plan on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares of the company’s stock, valued at $2,204,987.82. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,199 shares of company stock valued at $1,080,634. 0.18% of the stock is owned by insiders.

Teradyne 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.