1,583 Shares in Teradyne, Inc. (NASDAQ:TER) Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,583 shares of the company’s stock, valued at approximately $212,000.

Several other large investors also recently added to or reduced their stakes in the stock. 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 purchased a new position in Teradyne in the third quarter worth approximately $29,000. Rothschild Investment LLC acquired a new stake in Teradyne during the second quarter worth $33,000. Quarry LP raised its position in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after purchasing an additional 169 shares during the period. Finally, Tortoise Investment Management LLC raised its position in 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 purchasing an additional 118 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TER has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Friday, August 16th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Robert W. Baird reduced their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Evercore ISI increased their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Northland Securities cut their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Hold” and a consensus price target of $142.62.

Insider Transactions at Teradyne

In related news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,352 shares of company stock valued at $1,899,353. Insiders own 0.36% of the company’s stock.

Teradyne Price Performance

TER opened at $110.89 on Monday. The business has a fifty day moving average price of $124.39 and a 200 day moving average price of $132.52. Teradyne, Inc. has a 12 month low of $84.66 and a 12 month high of $163.21. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.41 and a beta of 1.52.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. On average, research analysts anticipate that Teradyne, Inc. will post 3.15 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne’s payout ratio is 15.24%.

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.