Midwest Professional Planners LTD. Increases Stock Holdings in Teradyne, Inc. $TER

Midwest Professional Planners LTD. increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 31.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,311 shares of the company’s stock after acquiring an additional 2,486 shares during the period. Midwest Professional Planners LTD.’s holdings in Teradyne were worth $1,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Stephens Inc. AR lifted its stake in shares of Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares during the last quarter. Sapient Capital LLC lifted its stake in shares of Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after acquiring an additional 43 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Teradyne by 3.8% during the 4th quarter. Quent Capital LLC now owns 1,738 shares of the company’s stock worth $336,000 after acquiring an additional 63 shares during the last quarter. Huntington National Bank lifted its stake in shares of 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 acquiring an additional 64 shares during the last quarter. Finally, Choreo LLC lifted its stake in shares of Teradyne by 2.2% during the 4th quarter. Choreo LLC now owns 3,043 shares of the company’s stock worth $599,000 after acquiring an additional 66 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Teradyne 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 completion of the sale, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of research analyst reports. UBS Group raised their price target on Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Morgan Stanley set a $387.00 price target on Teradyne in a research note on Thursday, April 30th. Northland Securities reissued a “market perform” rating and set a $270.00 price target on shares of Teradyne in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a research note on Thursday, April 30th. One equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Teradyne Stock Up 0.1%

Shares of NASDAQ TER opened at $321.52 on Wednesday. The business has a fifty day simple moving average of $337.02 and a two-hundred day simple moving average of $266.66. The firm has a market cap of $50.33 billion, a PE ratio of 59.54, a price-to-earnings-growth ratio of 1.32 and a beta of 1.79. Teradyne, Inc. has a twelve month low of $75.99 and a twelve month high of $422.11.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.Teradyne’s revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. On average, research analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

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

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.