Turner Financial Group Inc. Takes Position in Teradyne, Inc. $TER

Turner Financial Group Inc. purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,799 shares of the company’s stock, valued at approximately $870,000. Teradyne accounts for about 0.9% of Turner Financial Group Inc.’s holdings, making the stock its 22nd biggest position.

Several other institutional investors have also bought and sold shares of TER. BlackRock Inc. bought a new stake in shares of Teradyne in the second quarter valued at $9,404,408,000. Andar Capital Management HK Ltd bought a new stake in Teradyne in the 2nd quarter valued at about $37,800,000. Norges Bank bought a new stake in Teradyne in the 4th quarter valued at about $398,777,000. Wellington Management Group LLP lifted its holdings in Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after purchasing an additional 2,022,389 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in Teradyne during the second quarter valued at about $842,822,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TER shares. Robert W. Baird reiterated a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a research note on Friday, August 21st. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Susquehanna lifted their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen downgraded Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.

Teradyne Stock Up 5.4%

NASDAQ TER opened at $357.03 on Friday. The stock’s 50-day simple moving average is $370.59 and its two-hundred day simple moving average is $358.04. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91. The company has a market capitalization of $55.82 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 0.68 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.Teradyne’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. On average, equities analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

About Teradyne

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.