Midwest Professional Planners LTD. Grows Position in Teradyne, Inc. $TER

Midwest Professional Planners LTD. raised its position in Teradyne, Inc. (NASDAQ:TER) by 162.1% in the third quarter, Holdings Channel reports. The fund owned 7,825 shares of the company’s stock after buying an additional 4,839 shares during the period. Midwest Professional Planners LTD.’s holdings in Teradyne were worth $1,077,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Teradyne during the 3rd quarter worth $31,000. CYBER HORNET ETFs LLC acquired a new stake in Teradyne in the second quarter valued at $35,000. Hemington Wealth Management lifted its holdings in Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Teradyne during the 2nd quarter worth about $43,000. Finally, Bayforest Capital Ltd boosted its position in shares of Teradyne by 195.5% during the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock worth $47,000 after acquiring an additional 346 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares in the company, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Teradyne Price Performance

Shares of Teradyne stock opened at $241.05 on Friday. The firm’s fifty day simple moving average is $207.62 and its 200-day simple moving average is $157.56. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $255.20. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of 87.65, a PEG ratio of 1.80 and a beta of 1.84.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s dividend payout ratio is presently 17.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their target price on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Zacks Research lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. The Goldman Sachs Group raised shares of Teradyne from a “sell” rating to a “buy” rating and raised their price objective for the stock from $148.00 to $230.00 in a report on Monday, December 15th. Bank of America upped their target price on shares of Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $275.00 target price on shares of Teradyne in a research report on Monday, January 12th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.38.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.