LifePlan Financial LLC Purchases 4,894 Shares of Teradyne, Inc. $TER

Key Points

• LifePlan Financial LLC increased its stake in Teradyne by 141.2%, buying 4,894 shares to hold 8,359 shares valued at about $1.15 million at quarter-end.
• Several other institutions added sizable positions—Ceredex ($24.7M), BW Gestao ($10.0M) and Russell Investments (up 117.7% to 115,883 shares, ~$15.9M)—and institutional investors now own 99.77% of TER.
• Teradyne reported a strong quarter with $1.80 EPS (vs. $1.36 expected) and revenue up 43.9% to $1.08B; the stock trades near $296 and carries an average analyst rating of "Moderate Buy" with an average target of $256.24.

LifePlan Financial LLC raised its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 141.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,359 shares of the company's stock after acquiring an additional 4,894 shares during the quarter. LifePlan Financial LLC's holdings in Teradyne were worth $1,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TER. Ceredex Value Advisors LLC purchased a new stake in shares of Teradyne during the third quarter worth about $24,686,000. BW Gestao de Investimentos Ltda. purchased a new position in Teradyne during the 3rd quarter valued at about $10,033,000. Bell Asset Management Ltd bought a new position in Teradyne during the 3rd quarter valued at approximately $5,218,000. Russell Investments Group Ltd. raised its position in Teradyne by 117.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 115,883 shares of the company's stock valued at $15,918,000 after purchasing an additional 62,652 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Teradyne by 10.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,713 shares of the company's stock worth $649,000 after buying an additional 453 shares during the period. 99.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TER has been the subject of a number of recent analyst reports. Northland Securities restated a "market perform" rating and set a $270.00 target price on shares of Teradyne in a report on Wednesday, February 4th. Citigroup boosted their price objective on shares of Teradyne from $215.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, February 4th. TD Cowen restated a "buy" rating on shares of Teradyne in a report on Thursday, January 22nd. Wall Street Zen raised shares of Teradyne from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Finally, Stifel Nicolaus set a $325.00 target price on shares of Teradyne in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $256.24.

Teradyne Stock Up 8.6%

Shares of TER opened at $296.44 on Tuesday. The stock has a market cap of $46.41 billion, a P/E ratio of 85.18, a P/E/G ratio of 1.69 and a beta of 1.76. The business's 50 day moving average price is $267.12 and its 200-day moving average price is $195.28. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $344.92.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm's revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. On average, equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne's dividend payout ratio (DPR) is presently 14.94%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer owned 93,409 shares of the company's stock, valued at $18,804,165.79. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company's product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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