Frank Rimerman Advisors LLC Invests $290,000 in Teradyne, Inc. $TER

Frank Rimerman Advisors LLC acquired a new position in Teradyne, Inc. (NASDAQ:TER) during the third quarter, HoldingsChannel.com reports. The fund acquired 2,106 shares of the company’s stock, valued at approximately $290,000.

Several other institutional investors have also added to or reduced their stakes in TER. Hemington Wealth Management raised its holdings in Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Versant Capital Management Inc raised its stake in Teradyne by 5.8% during the third quarter. Versant Capital Management Inc now owns 1,494 shares of the company’s stock worth $206,000 after buying an additional 82 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Teradyne by 2.3% in the third quarter. LS Investment Advisors LLC now owns 3,945 shares of the company’s stock valued at $543,000 after buying an additional 89 shares during the period. CVA Family Office LLC boosted its position in Teradyne by 28.9% during the third quarter. CVA Family Office LLC now owns 424 shares of the company’s stock valued at $58,000 after acquiring an additional 95 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Teradyne by 29.4% during the 2nd quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock worth $53,000 after acquiring an additional 133 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Trading Down 4.3%

Teradyne stock opened at $241.05 on Monday. The firm has a market capitalization of $37.75 billion, a price-to-earnings ratio of 87.65, a price-to-earnings-growth ratio of 1.73 and a beta of 1.83. The firm’s fifty day moving average price is $207.62 and its two-hundred day moving average price is $158.02. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $255.20.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s payout ratio is currently 17.45%.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Morgan Stanley increased their price target on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group raised shares of Teradyne from a “sell” rating to a “buy” rating and raised their price objective for the stock from $148.00 to $230.00 in a research report on Monday, December 15th. Robert W. Baird set a $195.00 target price on shares of Teradyne in a research report on Friday, October 31st. Finally, Bank of America increased their target price on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.38.

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.