Thrivent Financial for Lutherans lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 229.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,726 shares of the company’s stock after purchasing an additional 56,921 shares during the period. Thrivent Financial for Lutherans owned approximately 0.05% of Teradyne worth $15,819,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Teradyne in the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. acquired a new stake in Teradyne during the 3rd quarter worth $31,000. CYBER HORNET ETFs LLC bought a new stake in shares of Teradyne during the 2nd quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teradyne in the 4th quarter valued at $37,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Teradyne in the 3rd quarter valued at $41,000. 99.77% of the stock is owned by institutional investors.
Teradyne Trading Down 5.0%
NASDAQ:TER opened at $321.05 on Tuesday. The stock has a market capitalization of $50.26 billion, a PE ratio of 59.45, a P/E/G ratio of 1.39 and a beta of 1.79. Teradyne, Inc. has a 1-year low of $75.99 and a 1-year high of $422.11. The firm has a fifty day simple moving average of $336.05 and a 200 day simple moving average of $265.62.
Teradyne Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be paid a $0.13 dividend. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is presently 9.63%.
Insiders Place Their Bets
In other news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.
Analysts Set New Price Targets
TER has been the subject of several research analyst reports. TD Cowen reissued a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Cantor Fitzgerald raised their price objective on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Bank of America boosted their target price on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus increased their price target on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $339.80.
Check Out Our Latest Research Report on TER
Teradyne Company 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.
See Also
- Five stocks we like better than Teradyne
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.
