Whittier Trust Co. of Nevada Inc. Increases Holdings in Teradyne, Inc. (NASDAQ:TER)

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 65.6% in the second quarter, Holdings Channel reports. The firm owned 1,012 shares of the company’s stock after acquiring an additional 401 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Teradyne were worth $150,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TER. Norges Bank acquired a new position in Teradyne in the 4th quarter worth $188,873,000. Boston Partners lifted its holdings 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 in the last quarter. Van ECK Associates Corp lifted its holdings 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 in the last quarter. KBC Group NV lifted its holdings 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 in the last quarter. Finally, Swedbank AB lifted its holdings in Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after buying an additional 426,900 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Up 3.6 %

TER traded up $4.79 on Thursday, hitting $137.10. 598,991 shares of the company’s stock were exchanged, compared to its average volume of 2,038,031. The firm 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 twelve month low of $81.07 and a twelve month high of $163.21. The stock has a fifty day moving average of $139.10 and a two-hundred day moving average of $125.14.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. Teradyne’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, analysts predict that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

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

Wall Street Analyst Weigh In

TER has been the topic of a number of recent analyst reports. Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Evercore ISI lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. Stifel Nicolaus upped their target price on shares of Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. Finally, Robert W. Baird upped their target price on shares of Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.50.

Insiders Place Their Bets

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares in the company, valued at approximately $2,645,649.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares in the company, valued at approximately $2,645,649.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,403 shares of company stock worth $989,099. Insiders own 0.36% of the company’s stock.

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.