Integrated Advisors Network LLC Acquires New Position in Teradyne, Inc. $TER

Integrated Advisors Network LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to its most recent filing with the SEC. The firm bought 28,362 shares of the company’s stock, valued at approximately $3,904,000.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Northland Securities reissued a “market perform” rating and issued a $270.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Vertical Research lowered Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Friday, January 9th. Susquehanna reiterated a “positive” rating and issued a $335.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research note on Thursday, January 22nd. Finally, Evercore upped their price objective on shares of Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $256.24.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.16% of the company’s stock.

Teradyne Trading Down 3.8%

Shares of NASDAQ:TER opened at $320.03 on Friday. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $344.92. The business has a 50 day moving average of $254.69 and a two-hundred day moving average of $186.15. The company has a market capitalization of $50.10 billion, a PE ratio of 91.96, a PEG ratio of 2.06 and a beta of 1.83.

Teradyne (NASDAQ:TER) last posted its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. During the same period in the previous year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 43.9% on a year-over-year basis. Equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal 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 issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. Teradyne’s payout ratio is presently 14.94%.

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.