Thrivent Financial for Lutherans Purchases 18,612 Shares of Teradyne, Inc. $TER

Thrivent Financial for Lutherans boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 291.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 24,995 shares of the company’s stock after acquiring an additional 18,612 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Teradyne were worth $2,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TER. Fulton Bank N.A. boosted its stake in shares of Teradyne by 4.3% during the 2nd quarter. Fulton Bank N.A. now owns 2,722 shares of the company’s stock worth $245,000 after acquiring an additional 113 shares during the period. HighTower Advisors LLC lifted its holdings in Teradyne by 1.0% during the 1st quarter. HighTower Advisors LLC now owns 12,528 shares of the company’s stock valued at $1,035,000 after purchasing an additional 124 shares during the last quarter. Manchester Capital Management LLC boosted its position in Teradyne by 29.4% during the second quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock worth $53,000 after purchasing an additional 133 shares during the period. Outlook Wealth Advisors LLC boosted its position in Teradyne by 4.8% during the second quarter. Outlook Wealth Advisors LLC now owns 3,452 shares of the company’s stock worth $310,000 after purchasing an additional 157 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased its holdings in shares of Teradyne by 0.3% in the first quarter. Federation des caisses Desjardins du Quebec now owns 51,076 shares of the company’s stock valued at $4,219,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In other Teradyne 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 sale, the chief executive officer directly owned 93,409 shares in the company, valued at $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 SEC, which is available at the SEC website. Insiders have sold a total of 3,324 shares of company stock worth $583,639 over the last three months. Corporate insiders own 0.16% of the company’s stock.

Teradyne Trading Up 0.6%

NASDAQ TER opened at $198.50 on Wednesday. The company has a market cap of $31.09 billion, a price-to-earnings ratio of 72.18, a PEG ratio of 2.06 and a beta of 1.85. The company has a 50 day moving average of $175.15 and a 200-day moving average of $132.26. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $205.00.

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

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, November 24th. Teradyne’s payout ratio is 17.45%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Bank of America raised shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 target price for the company in a report on Wednesday, October 29th. Evercore ISI raised their price objective on shares of Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Citigroup upped their target price on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. UBS Group lifted their price target on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Northland Securities set a $186.00 price target on Teradyne in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.75.

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.