Bouvel Investment Partners LLC Increases Position in Teradyne, Inc. (NASDAQ:TER)

Bouvel Investment Partners LLC increased its stake in Teradyne, Inc. (NASDAQ:TER) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,779 shares of the company’s stock after acquiring 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.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CVA Family Office LLC purchased a new stake in Teradyne during the fourth quarter valued at about $33,000. American National Bank bought a new position in shares of Teradyne during the fourth quarter valued at about $37,000. Cambridge Trust Co. bought a new position in shares of Teradyne during the fourth quarter valued at about $38,000. Mather Group LLC. bought a new position in shares of Teradyne during the first quarter valued at about $53,000. Finally, Advantage Trust Co bought a new position in shares of Teradyne during the fourth quarter valued at about $54,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on TER. 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. Robert W. Baird lifted their price target on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group raised their target price on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Susquehanna boosted their target price on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.85.

Teradyne Stock Up 1.8 %

NASDAQ TER traded up $2.73 during mid-day trading on Friday, hitting $150.30. The stock had a trading volume of 152,521 shares, compared to its average volume of 2,017,454. The company has a market cap of $23.46 billion, a price-to-earnings ratio of 56.54, a P/E/G ratio of 2.77 and a beta of 1.51. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $152.23. The company has a 50 day simple moving average of $133.03 and a 200 day simple moving average of $114.67.

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

Teradyne Dividend Announcement

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

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Sanjay Mehta sold 3,750 shares of the 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 owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard John Burns sold 5,005 shares of the company’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 completion of the sale, the insider now directly owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,005 shares of company stock valued at $1,304,763. 0.36% of the stock is currently owned by insiders.

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.