Trust Asset Management LLC Invests $256,000 in Teradyne, Inc. $TER

Trust Asset Management LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,862 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Teradyne in the third quarter worth $31,000. Hemington Wealth Management grew its holdings in shares of Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at $47,000. Hantz Financial Services Inc. increased its position in shares of Teradyne by 41.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $51,000 after acquiring an additional 108 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in Teradyne in the 2nd quarter worth $35,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business’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 transaction of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Teradyne Stock Performance

Shares of Teradyne stock opened at $305.20 on Thursday. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $344.92. The company has a market cap of $47.78 billion, a P/E ratio of 87.70, a price-to-earnings-growth ratio of 1.89 and a beta of 1.76. The firm has a 50-day simple moving average of $261.51 and a two-hundred day simple moving average of $190.87.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.Teradyne’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. Equities research analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 13th. Teradyne’s payout ratio is 14.94%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Vertical Research cut Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research report on Friday, January 9th. The Goldman Sachs Group increased their price target on shares of Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Morgan Stanley set a $306.00 price target on shares of Teradyne in a research report on Wednesday, February 11th. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a report on Monday, February 2nd. Finally, Cantor Fitzgerald increased their price objective on shares of Teradyne from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $256.24.

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.