McKinley Carter Wealth Services Inc. Makes New $7.75 Million Investment in Teradyne, Inc. $TER

McKinley Carter Wealth Services Inc. acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 19,318 shares of the company’s stock, valued at approximately $7,745,000.

Other large investors also recently modified their holdings of the company. Community Financial Services Group LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth about $29,000. McIlrath & Eck LLC acquired a new position in Teradyne in the 1st quarter valued at about $30,000. Elevation Wealth Partners LLC grew its stake in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after buying an additional 66 shares during the last quarter. Mcdonald Partners LLC acquired a new position in shares of Teradyne in the second quarter valued at approximately $36,000. Finally, Hilltop National Bank bought a new position in Teradyne during the 2nd quarter worth $41,000. 99.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TER shares. Wall Street Zen downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Monday, September 28th. Morgan Stanley raised their price objective on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $420.00 price objective on shares of Teradyne in a report on Friday, August 21st. Finally, Bank of America upped their target price on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $337.83, for a total transaction of $1,351,320.00. Following the completion of the transaction, the chief executive officer directly owned 108,495 shares in the company, valued at $36,652,865.85. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

Teradyne Trading Down 5.3%

TER stock traded down $18.21 during mid-day trading on Friday, hitting $325.00. The stock had a trading volume of 3,202,187 shares, compared to its average volume of 2,563,680. Teradyne, Inc. has a 52 week low of $135.83 and a 52 week high of $487.91. The firm has a market capitalization of $50.81 billion, a P/E ratio of 44.58, a P/E/G ratio of 0.69 and a beta of 1.75. The firm has a fifty day simple moving average of $380.05 and a 200 day simple moving average of $373.84.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $0.57 EPS. The business’s revenue for the quarter was up 103.9% compared to the same quarter last year. As a group, equities analysts expect that Teradyne, Inc. will post 9.11 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is 7.13%.

Teradyne Company Profile

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.