Marshall Financial Group LLC Purchases 857 Shares of Teradyne, Inc. (NASDAQ:TER)

Marshall Financial Group LLC raised its position in Teradyne, Inc. (NASDAQ:TER) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,108 shares of the company’s stock after purchasing an additional 857 shares during the quarter. Marshall Financial Group LLC’s holdings in Teradyne were worth $1,028,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. First Trust Direct Indexing L.P. increased its stake in shares of Teradyne by 17.1% in the first quarter. First Trust Direct Indexing L.P. now owns 2,992 shares of the company’s stock valued at $338,000 after buying an additional 438 shares during the period. Bourgeon Capital Management LLC increased its stake in shares of Teradyne by 0.7% in the first quarter. Bourgeon Capital Management LLC now owns 100,807 shares of the company’s stock valued at $11,374,000 after buying an additional 697 shares during the period. Exchange Capital Management Inc. increased its stake in shares of Teradyne by 7.4% in the first quarter. Exchange Capital Management Inc. now owns 4,011 shares of the company’s stock valued at $453,000 after buying an additional 275 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Teradyne by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock valued at $246,210,000 after buying an additional 68,924 shares during the period. Finally, Choice Wealth Advisors LLC acquired a new stake in shares of Teradyne in the first quarter valued at about $200,000. 99.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Sanjay Mehta sold 3,750 shares of Teradyne stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the transaction, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,005 shares of company stock worth $1,304,763. 0.18% of the stock is owned by corporate insiders.

Teradyne Price Performance

Shares of TER stock traded up $2.10 during trading hours on Thursday, reaching $151.70. The company had a trading volume of 990,174 shares, compared to its average volume of 1,944,682. The business has a fifty day simple moving average of $137.09 and a 200-day simple moving average of $116.14. Teradyne, Inc. has a 12 month low of $81.07 and a 12 month high of $152.67. The company has a market cap of $23.68 billion, a price-to-earnings ratio of 57.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.50.

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

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio is currently 18.25%.

Analysts Set New Price Targets

TER has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Susquehanna raised their target price on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Evercore ISI initiated coverage on Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price for the company. KeyCorp raised their target price on Teradyne from $140.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

About Teradyne

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.