Legal Advantage Investments Inc. Makes New $593,000 Investment in Teradyne, Inc. $TER

Legal Advantage Investments Inc. bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the 1st quarter, Holdings Channel reports. The firm bought 2,000 shares of the company’s stock, valued at approximately $593,000.

Other hedge funds have also made changes to their positions in the company. Cidel Asset Management Inc. acquired a new stake in shares of Teradyne during the 1st quarter worth approximately $260,000. Steph & Co. raised its position in shares of Teradyne by 85.9% during the 1st quarter. Steph & Co. now owns 368 shares of the company’s stock valued at $109,000 after buying an additional 170 shares during the period. Krilogy Financial LLC lifted its holdings in Teradyne by 3.4% in the first quarter. Krilogy Financial LLC now owns 17,962 shares of the company’s stock valued at $5,325,000 after acquiring an additional 589 shares during the last quarter. Anchyra Partners LLC acquired a new position in Teradyne in the first quarter valued at approximately $241,000. Finally, High Net Worth Advisory Group LLC purchased a new position in Teradyne in the first quarter worth approximately $208,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

More Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Bank of America raised its price target on Teradyne to $525 from $365 and reiterated a Buy rating, signaling stronger upside expectations for the semiconductor test and automation company.
• Positive Sentiment: Robert W. Baird also boosted its price target on Teradyne to $446 from $350 and kept an Outperform rating, adding to analyst optimism around the shares.
• Positive Sentiment: Teradyne Robotics announced a collaboration with Vention to create a digital twin platform for Universal Robots cells, which could support its automation and robotics growth story.
• Neutral Sentiment: A recent report noted Teradyne has been trading with elevated volume and has already run well above its longer-term moving averages, suggesting the stock may be sensitive to profit-taking and broader market swings.
• Negative Sentiment: Despite the positive analyst actions, TER still declined more than the general market in the latest session, indicating investors are currently prioritizing risk-off sentiment or locking in gains.

Teradyne Stock Performance

Teradyne stock opened at $420.12 on Wednesday. Teradyne, Inc. has a fifty-two week low of $88.60 and a fifty-two week high of $459.19. The firm has a 50 day moving average price of $377.39 and a 200 day moving average price of $304.32. The company has a market capitalization of $65.77 billion, a PE ratio of 77.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.79.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.20 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. As a group, equities research analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

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

Insider Activity at Teradyne

In related news, insider Shannon John Poulin sold 656 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 4,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the transaction, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This trade represents a 3.21% 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. In the last 90 days, insiders have sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. UBS Group upped their price target on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. 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. Evercore set a $370.00 price objective on Teradyne in a research report on Thursday, April 30th. Finally, Susquehanna boosted their price objective on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently 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.