SMART Wealth LLC Acquires 1,953 Shares of Teradyne, Inc. $TER

SMART Wealth LLC lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 206.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,899 shares of the company’s stock after buying an additional 1,953 shares during the quarter. SMART Wealth LLC’s holdings in Teradyne were worth $1,402,000 at the end of the most recent quarter.

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

Teradyne Trading Up 5.4%

Shares of TER stock opened at $357.03 on Friday. The company’s fifty day moving average price is $370.59 and its 200-day moving average price is $358.04. The stock has a market cap of $55.82 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 0.68 and a beta of 1.78. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. Teradyne’s revenue was up 103.9% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. On average, sell-side analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm 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 dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is presently 7.13%.

Insider Activity at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. The trade was a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TER. UBS Group increased their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wall Street Zen downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Bank of America raised their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Susquehanna lifted their price target on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.