XXEC Inc. Has $10.39 Million Holdings in Teradyne, Inc. $TER

XXEC Inc. decreased its position in Teradyne, Inc. (NASDAQ:TER) by 3.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,516 shares of the company’s stock after selling 3,590 shares during the quarter. Teradyne makes up 8.3% of XXEC Inc.’s portfolio, making the stock its 3rd biggest holding. XXEC Inc. owned 0.07% of Teradyne worth $10,387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers lifted its stake in shares of Teradyne by 8.7% in the 1st quarter. Cetera Investment Advisers now owns 18,547 shares of the company’s stock worth $1,532,000 after purchasing an additional 1,485 shares during the period. LPL Financial LLC grew its position in shares of Teradyne by 39.8% during the 1st quarter. LPL Financial LLC now owns 122,437 shares of the company’s stock valued at $10,113,000 after acquiring an additional 34,838 shares during the period. Vanguard Group Inc. increased its stake in shares of Teradyne by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company’s stock worth $1,728,176,000 after purchasing an additional 516,332 shares in the last quarter. ASR Vermogensbeheer N.V. bought a new position in Teradyne in the 1st quarter worth $490,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Teradyne by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,014,741 shares of the company’s stock valued at $83,818,000 after purchasing an additional 12,664 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of TER opened at $195.08 on Thursday. The firm has a market cap of $30.55 billion, a P/E ratio of 70.94, a price-to-earnings-growth ratio of 1.88 and a beta of 1.85. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $196.20. The company has a 50 day simple moving average of $159.16 and a two-hundred day simple moving average of $120.48.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. Teradyne’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total value of $199,661.60. Following the sale, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 3,324 shares of company stock valued at $494,318 over the last quarter. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price objective on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Robert W. Baird set a $195.00 target price on shares of Teradyne in a report on Friday, October 31st. Northland Securities set a $186.00 target price on shares of Teradyne in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $225.00 price objective on shares of Teradyne and gave the stock a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.88.

Teradyne Company 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.