Diversify Wealth Management LLC Buys 3,528 Shares of Teradyne, Inc. $TER

Diversify Wealth Management LLC raised its position in shares of Teradyne, Inc. (NASDAQ:TER) by 50.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,498 shares of the company’s stock after purchasing an additional 3,528 shares during the period. Diversify Wealth Management LLC’s holdings in Teradyne were worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Community Financial Services Group LLC bought a new stake in shares of Teradyne in the second quarter valued at $29,000. Elevation Wealth Partners LLC grew its stake in shares of Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares during the period. Mcdonald Partners LLC bought a new position in shares of Teradyne during the 2nd quarter worth $36,000. Hilltop National Bank purchased a new stake in Teradyne in the 2nd quarter worth about $41,000. Finally, McIlrath & Eck LLC purchased a new stake in Teradyne in the 1st quarter worth about $30,000. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

NASDAQ:TER opened at $418.79 on Friday. Teradyne, Inc. has a 52-week low of $106.30 and a 52-week high of $487.91. The firm has a market cap of $65.47 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 0.83 and a beta of 1.78. The business’s fifty day moving average is $384.26 and its 200 day moving average is $348.39.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.57 EPS. The firm’s revenue was up 103.9% compared to the same quarter last year. Equities analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the 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 sale, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares of the company’s stock, valued at $5,581,310. This trade represents a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 5,664 shares of company stock worth $2,273,133. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on TER shares. Robert W. Baird set a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $465.00 price target on shares of Teradyne in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne 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.