Meeder Advisory Services Inc. Raises Stake in Teradyne, Inc. (NASDAQ:TER)

Meeder Advisory Services Inc. grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 56.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,306 shares of the company’s stock after acquiring an additional 1,187 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Teradyne were worth $490,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Teradyne during the 4th quarter valued at $188,873,000. Van ECK Associates Corp boosted its position in Teradyne by 10.4% during the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after buying an additional 453,926 shares during the period. KBC Group NV grew its stake in shares of Teradyne by 1,544.3% during the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock valued at $51,354,000 after buying an additional 444,442 shares during the last quarter. Swedbank AB grew its stake in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after buying an additional 426,900 shares during the last quarter. Finally, Ossiam lifted its stake in shares of Teradyne by 13,540.0% in the 1st quarter. Ossiam now owns 419,977 shares of the company’s stock valued at $47,386,000 after acquiring an additional 416,898 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. The disclosure for this sale can be found here. Insiders have sold a total of 10,483 shares of company stock valued at $1,383,031 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TER has been the topic of several recent research reports. Evercore ISI lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. UBS Group lifted their target price on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. KeyCorp upped their price target on shares of Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. The Goldman Sachs Group boosted their price objective on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Hold” and a consensus price target of $141.50.

Teradyne Stock Up 2.4 %

TER opened at $131.23 on Friday. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The stock has a market cap of $21.41 billion, a PE ratio of 49.90, a PEG ratio of 2.63 and a beta of 1.49. The business has a 50 day moving average of $134.35 and a 200-day moving average of $127.45.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. During the same period in the prior year, the firm earned $0.79 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.37%. Teradyne’s payout ratio is 18.25%.

Teradyne Company 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.