Janney Montgomery Scott LLC Has $21.30 Million Holdings in Teradyne, Inc. (NASDAQ:TER)

Janney Montgomery Scott LLC raised its holdings in Teradyne, Inc. (NASDAQ:TER) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 188,733 shares of the company’s stock after purchasing an additional 14,272 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.12% of Teradyne worth $21,295,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TER. Mutual of America Capital Management LLC grew its holdings in shares of Teradyne by 6.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock valued at $4,555,000 after buying an additional 2,590 shares during the period. International Assets Investment Management LLC increased its stake in shares of Teradyne by 8,125.5% during the 4th quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock worth $14,443,000 after purchasing an additional 131,470 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Teradyne by 6.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,270 shares of the company’s stock valued at $16,104,000 after purchasing an additional 9,960 shares during the period. Caxton Associates LP acquired a new stake in Teradyne in the 4th quarter valued at about $1,560,000. Finally, KBC Group NV grew its holdings in Teradyne by 1,544.3% during the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after purchasing an additional 444,442 shares during the period. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TER has been the topic of a number of research reports. Evercore ISI initiated coverage on shares of Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. UBS Group lifted their target price on Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Robert W. Baird upped their price target on shares of Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. KeyCorp lifted their price objective on shares of 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 restated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $125.85.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne 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 owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,005 shares of company stock valued at $1,304,763. 0.18% of the stock is owned by company insiders.

Teradyne Price Performance

NASDAQ TER traded down $0.50 during mid-day trading on Friday, reaching $151.20. 929,893 shares of the stock were exchanged, compared to its average volume of 1,819,093. The stock has a market cap of $23.60 billion, a P/E ratio of 57.49, a P/E/G ratio of 2.86 and a beta of 1.50. The stock has a 50 day simple moving average of $138.69 and a 200-day simple moving average of $116.70. Teradyne, Inc. has a one year low of $81.07 and a one year high of $152.67.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $566.31 million. During the same quarter last year, the firm posted $0.55 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that Teradyne, Inc. will post 3.04 EPS for the current fiscal year.

Teradyne Dividend Announcement

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