WESPAC Advisors LLC Has $681,000 Position in Teradyne, Inc. (NASDAQ:TER)

WESPAC Advisors LLC boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 17.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,088 shares of the company’s stock after purchasing an additional 765 shares during the period. WESPAC Advisors LLC’s holdings in Teradyne were worth $681,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC grew its holdings in shares of Teradyne by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after acquiring an additional 79 shares in the last quarter. Whittier Trust Co. boosted its position in Teradyne by 10.2% during the third quarter. Whittier Trust Co. now owns 950 shares of the company’s stock valued at $127,000 after purchasing an additional 88 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Teradyne by 17.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after purchasing an additional 96 shares in the last quarter. Wealth Alliance increased its position in Teradyne by 3.3% in the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after purchasing an additional 98 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Teradyne by 10.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,115 shares of the company’s stock worth $149,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research report on Friday, August 16th. Northland Securities dropped their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Robert W. Baird reduced their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Evercore ISI increased their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $142.62.

Insider Buying and Selling

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the sale, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. This trade represents a 3.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now directly owns 21,864 shares in the company, valued at $2,903,539.20. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,199 shares of company stock valued at $1,080,634 over the last three months. 0.36% of the stock is owned by corporate insiders.

Teradyne Stock Up 2.5 %

Shares of NASDAQ TER opened at $108.21 on Friday. Teradyne, Inc. has a 12 month low of $90.24 and a 12 month high of $163.21. The company has a market cap of $17.62 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.28 and a beta of 1.52. The business’s 50 day moving average is $120.00 and its two-hundred day moving average is $131.63.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Teradyne’s revenue was up 4.8% compared to the same quarter last year. Sell-side analysts expect that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, November 25th. Teradyne’s payout ratio is presently 15.24%.

Teradyne declared that its Board of Directors has initiated a share repurchase plan on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.