Congress Wealth Management LLC DE Buys 5,530 Shares of Teradyne, Inc. (NASDAQ:TER)

Congress Wealth Management LLC DE raised its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 102.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,906 shares of the company’s stock after purchasing an additional 5,530 shares during the period. Congress Wealth Management LLC DE’s holdings in Teradyne were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of Teradyne by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after purchasing an additional 104 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Teradyne by 32.5% during the third quarter. Advisors Asset Management Inc. now owns 2,753 shares of the company’s stock valued at $369,000 after buying an additional 676 shares during the period. Cerity Partners LLC grew its stake in shares of Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock valued at $1,523,000 after buying an additional 5,294 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Teradyne by 34.6% in the third quarter. Larson Financial Group LLC now owns 1,681 shares of the company’s stock worth $225,000 after buying an additional 432 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Teradyne by 12.2% in the third quarter. Daiwa Securities Group Inc. now owns 21,780 shares of the company’s stock worth $2,917,000 after buying an additional 2,370 shares during the period. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

Shares of Teradyne stock opened at $85.68 on Friday. The company has a market capitalization of $13.86 billion, a PE ratio of 25.73, a P/E/G ratio of 2.83 and a beta of 1.46. The company has a 50-day simple moving average of $109.02 and a two-hundred day simple moving average of $117.77. Teradyne, Inc. has a one year low of $82.98 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last posted its 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%. On average, equities analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, February 14th. Teradyne’s dividend payout ratio is currently 14.41%.

Analysts Set New Price Targets

TER has been the topic of several research analyst reports. Vertical Research began coverage on Teradyne in a research report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective on the stock. KeyCorp cut their price target on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Robert W. Baird decreased their price objective on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. UBS Group set a $130.00 target price on shares of Teradyne and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.44.

Insider Buying and Selling at Teradyne

In other 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 sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,479 shares of company stock worth $1,013,134. 0.18% of the stock is owned by 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.