Fairvoy Private Wealth LLC Takes $601,000 Position in Teradyne, Inc. $TER

Fairvoy Private Wealth LLC acquired a new position in Teradyne, Inc. (NASDAQ:TER) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,028 shares of the company’s stock, valued at approximately $601,000.

A number of other hedge funds have also made changes to their positions in TER. Caitong International Asset Management Co. Ltd purchased a new position in shares of Teradyne during the 4th quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Teradyne during the fourth quarter worth about $37,000. True Wealth Design LLC increased its position in Teradyne by 49.6% during the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after purchasing an additional 70 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Teradyne during the fourth quarter worth about $41,000. Finally, DV Equities LLC acquired a new position in Teradyne in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the sale, the insider directly owned 15,066 shares in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,941 shares of company stock worth $5,444,112 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Teradyne Trading Up 10.5%

NASDAQ:TER opened at $471.96 on Friday. Teradyne, Inc. has a 12-month low of $88.60 and a 12-month high of $472.37. The firm has a market cap of $73.88 billion, a PE ratio of 87.40, a price-to-earnings-growth ratio of 1.23 and a beta of 1.79. The stock has a fifty day moving average price of $380.63 and a 200 day moving average price of $307.83.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $0.75 EPS. Teradyne’s revenue was up 87.0% on a year-over-year basis. Equities analysts forecast that Teradyne, Inc. will post 7.23 EPS for the current year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, May 21st. Teradyne’s payout ratio is presently 9.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TER. Evercore set a $370.00 price objective on Teradyne in a report on Thursday, April 30th. Stifel Nicolaus upped their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Robert W. Baird raised their price objective on Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research report on Tuesday. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Bank of America upped their target price on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $363.87.

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.