NewEdge Wealth LLC Takes $449,000 Position in Teradyne, Inc. $TER

NewEdge Wealth LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,321 shares of the company’s stock, valued at approximately $449,000.

A number of other large investors also recently modified their holdings of TER. ARK Investment Management LLC increased its holdings in Teradyne by 25.2% in the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after purchasing an additional 548,140 shares during the period. Nordea Investment Management AB increased its holdings in Teradyne by 656.4% in the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after purchasing an additional 108,745 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Teradyne by 9.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after acquiring an additional 7,648 shares during the period. Aspen Wealth Strategies LLC acquired a new stake in Teradyne during the 3rd quarter worth about $577,000. Finally, Assenagon Asset Management S.A. grew its holdings in Teradyne by 3,233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after acquiring an additional 882,723 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TER. Robert W. Baird set a $350.00 price target on Teradyne in a report on Thursday, April 30th. Cantor Fitzgerald increased their price target on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Morgan Stanley set a $387.00 price target on Teradyne in a report on Thursday, April 30th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 30th. Finally, Citigroup increased their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Price Performance

TER stock opened at $337.88 on Friday. The stock has a market capitalization of $52.89 billion, a PE ratio of 62.57, a price-to-earnings-growth ratio of 1.39 and a beta of 1.79. The company’s 50-day moving average is $335.74 and its 200-day moving average is $263.56. Teradyne, Inc. has a 1 year low of $75.99 and a 1 year high of $422.11.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s revenue was up 87.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.13 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is currently 9.63%.

Insider Activity

In other news, VP Ryan Driscoll sold 680 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Company 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.