Paradigm Capital Management Inc. NY Purchases Shares of 48,650 Teradyne, Inc. $TER

Paradigm Capital Management Inc. NY acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,650 shares of the company’s stock, valued at approximately $23,539,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Community Financial Services Group LLC acquired a new stake in shares of Teradyne in the 2nd quarter valued at about $29,000. Elevation Wealth Partners LLC boosted its holdings in Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares in the last quarter. Mcdonald Partners LLC bought a new position in Teradyne in the second quarter worth approximately $36,000. Hilltop National Bank acquired a new stake in Teradyne in the second quarter valued at approximately $41,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Teradyne during the first quarter valued at approximately $30,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Down 2.9%

Shares of NASDAQ:TER opened at $364.90 on Tuesday. The business’s 50 day moving average is $385.11 and its 200 day moving average is $355.09. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91. The stock has a market cap of $57.05 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.57 EPS. Teradyne’s quarterly revenue was up 103.9% compared to the same quarter last year. As a group, equities research analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s dividend payout ratio is currently 7.13%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Bank of America upped their target price on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. Morgan Stanley raised their price objective on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Finally, Evercore reiterated an “outperform” rating and set a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

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.