NewEdge Wealth LLC Purchases New Position in Teradyne, Inc. $TER

NewEdge Wealth LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,321 shares of the company’s stock, valued at approximately $449,000.

Other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Teradyne during the third quarter worth $31,000. Davidson Capital Management Inc. bought a new position in Teradyne during the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC bought a new position in Teradyne during the 2nd quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne during the 4th quarter valued at $37,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Teradyne during the 3rd quarter valued at $41,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Down 5.2%

Teradyne stock opened at $337.88 on Friday. Teradyne, Inc. has a 52 week low of $75.99 and a 52 week high of $422.11. The company’s 50 day moving average price is $335.74 and its two-hundred day moving average price is $263.56. The stock has a market cap of $52.89 billion, a P/E ratio of 62.57, a P/E/G ratio of 1.39 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 87.0% compared to the same quarter last year. On average, equities analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be issued a $0.13 dividend. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is presently 9.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TER shares. Bank of America raised their price objective on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Citigroup raised their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley set a $387.00 target price on shares of Teradyne in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald lifted their target price on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. One equities research 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 company. According to MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $339.80.

Insider Activity at Teradyne

In related news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. The trade was a 8.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

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.