Klein Pavlis & Peasley Financial Inc. Takes Position in Teradyne, Inc. $TER

Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,804 shares of the company’s stock, valued at approximately $2,863,000. Teradyne makes up 1.8% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 19th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in TER. Bank of Nova Scotia raised its holdings in Teradyne by 546.5% in the second quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after acquiring an additional 83,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Teradyne by 3.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock valued at $24,908,000 after purchasing an additional 9,094 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Teradyne by 291.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock valued at $2,247,000 after purchasing an additional 18,612 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Teradyne by 73.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after purchasing an additional 1,939 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Teradyne during the 3rd quarter worth $895,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Up 0.2%

Shares of NASDAQ TER opened at $228.15 on Friday. The business has a 50-day moving average price of $194.38 and a 200 day moving average price of $147.27. The stock has a market cap of $35.73 billion, a PE ratio of 82.96, a price-to-earnings-growth ratio of 1.64 and a beta of 1.84. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $238.92.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The company had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. Sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were given a $0.12 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is 17.45%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TER shares. Citigroup increased their target price on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Bank of America upped their price objective on Teradyne from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird set a $195.00 target price on Teradyne in a research report on Friday, October 31st. The Goldman Sachs Group upgraded Teradyne from a “sell” rating to a “buy” rating and boosted their target price for the stock from $148.00 to $230.00 in a research note on Monday, December 15th. Finally, Zacks Research lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average price target of $200.44.

About Teradyne

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.