Midwest Professional Planners LTD. Acquires 5,035 Shares of Teradyne, Inc. $TER

Midwest Professional Planners LTD. raised its holdings in Teradyne, Inc. (NASDAQ:TER) by 48.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,346 shares of the company’s stock after acquiring an additional 5,035 shares during the quarter. Teradyne comprises approximately 1.1% of Midwest Professional Planners LTD.’s holdings, making the stock its 29th largest position. Midwest Professional Planners LTD.’s holdings in Teradyne were worth $4,550,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in Teradyne by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 885,318 shares of the company’s stock worth $262,461,000 after acquiring an additional 5,521 shares in the last quarter. Three Seasons Wealth LLC raised its holdings in shares of Teradyne by 77.6% during the 1st quarter. Three Seasons Wealth LLC now owns 8,226 shares of the company’s stock valued at $2,439,000 after purchasing an additional 3,594 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Teradyne in the 1st quarter valued at $93,000. Ethos Financial Group LLC lifted its stake in shares of Teradyne by 7.0% in the 1st quarter. Ethos Financial Group LLC now owns 2,308 shares of the company’s stock valued at $683,000 after purchasing an additional 151 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in Teradyne by 23.1% in the first quarter. Checchi Capital Advisers LLC now owns 1,286 shares of the company’s stock worth $381,000 after purchasing an additional 241 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. This represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the sale, the insider directly owned 15,066 shares in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 14,941 shares of company stock valued at $5,444,112. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TER. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research report on Thursday, April 30th. Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. UBS Group upped 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. Susquehanna increased their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Finally, Morgan Stanley set a $387.00 price objective on Teradyne in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $390.53.

Teradyne Trading Down 3.1%

NASDAQ:TER opened at $342.12 on Thursday. The firm has a market capitalization of $53.56 billion, a PE ratio of 63.36, a PEG ratio of 1.02 and a beta of 1.74. Teradyne, Inc. has a 1 year low of $88.60 and a 1 year high of $487.91. The firm’s fifty day simple moving average is $383.44 and its 200 day simple moving average is $326.33.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The business’s revenue was up 87.0% on a year-over-year basis. As a group, analysts anticipate that Teradyne, Inc. will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s 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.