Whittier Trust Co. of Nevada Inc. Purchases 401 Shares of Teradyne, Inc. (NASDAQ:TER)

Whittier Trust Co. of Nevada Inc. increased its position in Teradyne, Inc. (NASDAQ:TER) by 65.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,012 shares of the company’s stock after purchasing an additional 401 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Teradyne were worth $150,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Teradyne in the 4th quarter worth about $188,873,000. Boston Partners raised its position in Teradyne by 23.2% in the 4th quarter. Boston Partners now owns 2,896,349 shares of the company’s stock worth $314,324,000 after buying an additional 544,482 shares during the last quarter. Van ECK Associates Corp raised its position in Teradyne by 10.4% in the 1st quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after buying an additional 453,926 shares during the last quarter. KBC Group NV raised its position in Teradyne by 1,544.3% in the 4th quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after buying an additional 444,442 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after purchasing an additional 426,900 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TER. Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. UBS Group boosted their price objective on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Susquehanna boosted their price objective on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Cantor Fitzgerald upgraded 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. Finally, Citigroup cut their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Hold” and an average target price of $141.50.

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now owns 17,143 shares in the company, valued at approximately $2,207,504.11. The disclosure for this sale can be found here. In the last three months, insiders sold 7,403 shares of company stock worth $989,099. Corporate insiders own 0.36% of the company’s stock.

Teradyne Price Performance

TER stock traded up $4.79 during trading on Thursday, hitting $137.10. 598,991 shares of the company traded hands, compared to its average volume of 2,038,031. The stock’s 50-day simple moving average is $139.10 and its 200 day simple moving average is $125.14. The company has a market cap of $21.40 billion, a PE ratio of 52.18, a P/E/G ratio of 2.69 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 announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. Teradyne’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.79 earnings per share. Research analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be given a $0.12 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. Teradyne’s dividend payout ratio (DPR) is 18.25%.

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.