Thrivent Financial for Lutherans Buys 56,921 Shares of Teradyne, Inc. $TER

Thrivent Financial for Lutherans boosted its position in Teradyne, Inc. (NASDAQ:TER) by 229.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 81,726 shares of the company’s stock after purchasing an additional 56,921 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Teradyne were worth $15,819,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Quent Capital LLC increased its stake in shares of Teradyne by 3.8% in the fourth quarter. Quent Capital LLC now owns 1,738 shares of the company’s stock valued at $336,000 after buying an additional 63 shares during the period. Huntington National Bank boosted its position in Teradyne by 1.8% during the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company’s stock worth $491,000 after buying an additional 64 shares during the period. Choreo LLC boosted its position in Teradyne by 2.2% during the 4th quarter. Choreo LLC now owns 3,043 shares of the company’s stock worth $599,000 after buying an additional 66 shares during the period. Signaturefd LLC grew its holdings in Teradyne by 9.7% during the 4th quarter. Signaturefd LLC now owns 772 shares of the company’s stock worth $149,000 after acquiring an additional 68 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Teradyne by 5.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock worth $181,000 after acquiring an additional 69 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

TER stock opened at $321.05 on Tuesday. The stock’s 50 day simple moving average is $336.05 and its 200 day simple moving average is $265.62. The company has a market cap of $50.26 billion, a P/E ratio of 59.45, a price-to-earnings-growth ratio of 1.39 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $75.99 and a fifty-two week high of $422.11.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The business’s revenue was up 87.0% on a year-over-year basis. Equities analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, May 21st. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.

Analyst Ratings Changes

A number of analysts recently weighed in on TER shares. Northland Securities restated a “market perform” rating and issued a $270.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Stifel Nicolaus upped their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group increased their price target on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Evercore set a $370.00 price objective on Teradyne in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald lifted 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Insider Activity

In related news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

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.