Tred Avon Family Wealth LLC Invests $432,000 in Teradyne, Inc. $TER

Tred Avon Family Wealth LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,135 shares of the company’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Nova Scotia raised its position in shares of Teradyne by 546.5% in the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after buying an additional 83,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Teradyne by 3.4% during the second 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 in the last quarter. Thrivent Financial for Lutherans lifted its stake in Teradyne by 291.6% during the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock worth $2,247,000 after purchasing an additional 18,612 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Teradyne by 73.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock worth $412,000 after purchasing an additional 1,939 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Teradyne in the 3rd quarter valued at $895,000. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the sale, the chief executive officer owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

TER has been the subject of several recent analyst reports. UBS Group upped their price objective on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Stifel Nicolaus increased their target price on shares of Teradyne from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Evercore ISI lifted their price target on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. The Goldman Sachs Group upgraded shares of Teradyne from a “sell” rating to a “buy” rating and upped their price objective for the stock from $148.00 to $230.00 in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $200.44.

Teradyne Price Performance

NASDAQ:TER opened at $228.15 on Monday. The firm’s 50 day simple moving average is $194.38 and its 200 day simple moving average is $148.03. Teradyne, Inc. has a one year low of $65.77 and a one year high of $238.92. The company has a market cap of $35.73 billion, a PE ratio of 82.96, a P/E/G ratio of 1.65 and a beta of 1.84.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The firm had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 EPS. Equities research analysts expect that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

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

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.