Midwest Professional Planners LTD. Acquires New Holdings in Teradyne, Inc. (NASDAQ:TER)

Midwest Professional Planners LTD. acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,747 shares of the company’s stock, valued at approximately $346,000.

Several other hedge funds also recently bought and sold shares of TER. Apollon Wealth Management LLC grew its stake in Teradyne by 7.2% during the third quarter. Apollon Wealth Management LLC now owns 2,362 shares of the company’s stock valued at $316,000 after acquiring an additional 159 shares in the last quarter. Entropy Technologies LP purchased a new position in Teradyne during the third quarter valued at approximately $647,000. Victory Capital Management Inc. grew its stake in Teradyne by 6.8% during the third quarter. Victory Capital Management Inc. now owns 89,431 shares of the company’s stock valued at $11,977,000 after acquiring an additional 5,686 shares in the last quarter. Huntington National Bank grew its stake in Teradyne by 103.1% during the third quarter. Huntington National Bank now owns 581 shares of the company’s stock valued at $78,000 after acquiring an additional 295 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in Teradyne by 5.7% during the third quarter. Metis Global Partners LLC now owns 5,154 shares of the company’s stock valued at $690,000 after acquiring an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TER shares. Morgan Stanley dropped their target price on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating for the company in a research report on Friday. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Stifel Nicolaus dropped their target price on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Susquehanna dropped their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Stock Up 1.7 %

NASDAQ:TER opened at $86.74 on Friday. The company has a fifty day moving average of $117.60 and a 200 day moving average of $120.38. Teradyne, Inc. has a 52 week low of $82.98 and a 52 week high of $163.21. The firm has a market capitalization of $14.03 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 1,384 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $154,302.16. Following the transaction, the chief financial officer now directly owns 36,576 shares in the company, valued at approximately $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by company insiders.

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.