Bouvel Investment Partners LLC Acquires 112 Shares of Teradyne, Inc. (NASDAQ:TER)

Bouvel Investment Partners LLC grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,779 shares of the company’s stock after purchasing an additional 112 shares during the period. Bouvel Investment Partners LLC’s holdings in Teradyne were worth $2,570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. CVA Family Office LLC bought a new stake in shares of Teradyne in the fourth quarter worth $33,000. American National Bank purchased a new stake in Teradyne in the fourth quarter worth about $37,000. Cambridge Trust Co. bought a new position in shares of Teradyne in the fourth quarter worth about $38,000. Mather Group LLC. purchased a new position in shares of Teradyne during the 1st quarter valued at about $53,000. Finally, Advantage Trust Co bought a new position in shares of Teradyne during the 4th quarter valued at approximately $54,000. Institutional investors own 99.77% of the company’s stock.

Insider Activity

In related news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total value of $688,888.20. Following the completion of the sale, the insider now directly owns 21,780 shares in the company, valued at approximately $2,997,799.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The disclosure for this sale can be found here. Insiders have sold 10,005 shares of company stock valued at $1,304,763 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research note on Thursday, April 25th. Evercore ISI assumed coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price for the company. UBS Group raised their target price on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. JPMorgan Chase & Co. raised their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Susquehanna raised their target price on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $125.85.

Teradyne Stock Performance

Teradyne stock traded up $2.73 during midday trading on Friday, reaching $150.30. The company’s stock had a trading volume of 152,521 shares, compared to its average volume of 2,017,454. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $152.23. The stock’s 50 day simple moving average is $133.03 and its 200 day simple moving average is $114.67. The firm has a market capitalization of $23.46 billion, a PE ratio of 56.54, a P/E/G ratio of 2.77 and a beta of 1.51.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS. Equities analysts predict that Teradyne, Inc. will post 3.04 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio is currently 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.