LRI Investments LLC Makes New $309,000 Investment in Teradyne, Inc. (NASDAQ:TER)

LRI Investments LLC purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,478 shares of the company’s stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TER. Norges Bank bought a new stake in shares of Teradyne in the 4th quarter valued at approximately $188,873,000. Van ECK Associates Corp grew its position in Teradyne by 26.9% during the 4th quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after acquiring an additional 923,612 shares during the last quarter. Boston Partners grew its position in Teradyne by 23.2% during the 4th quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after acquiring an additional 544,482 shares during the last quarter. KBC Group NV grew its position in Teradyne by 1,544.3% during the 4th quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after acquiring an additional 444,442 shares during the last quarter. Finally, Ossiam grew its position in Teradyne by 13,540.0% during the 1st quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after acquiring an additional 416,898 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Evercore ISI assumed coverage on Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group increased their price target on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Stifel Nicolaus increased their price target on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Finally, Robert W. Baird upped their price objective on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.50.

Teradyne Price Performance

Shares of TER stock traded up $2.12 during trading hours on Friday, reaching $126.46. The company had a trading volume of 2,617,182 shares, compared to its average volume of 2,027,493. The company has a 50 day moving average of $146.83 and a 200 day moving average of $121.35. The firm has a market cap of $19.74 billion, a price-to-earnings ratio of 48.08, a P/E/G ratio of 2.33 and a beta of 1.50. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.79 EPS. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.05 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Insider Activity

In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the sale, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the transaction, the insider now owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock valued at $1,304,763 in the last 90 days. 0.36% of the stock is owned by company insiders.

Teradyne 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.