Teradyne, Inc. $TER is Klein Pavlis & Peasley Financial Inc.’s 5th Largest Position

Klein Pavlis & Peasley Financial Inc. decreased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,136 shares of the company’s stock after selling 1,716 shares during the period. Teradyne makes up 3.3% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 5th largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Teradyne were worth $5,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after buying an additional 468 shares in the last quarter. Caxton Associates LLP bought a new stake in Teradyne during the 1st quarter valued at approximately $297,000. Cresset Asset Management LLC grew its holdings in shares of Teradyne by 11.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after acquiring an additional 702 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Teradyne by 467.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after acquiring an additional 2,807 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Teradyne by 5.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after acquiring an additional 3,651 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In related news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president owned 7,665 shares in the company, valued at $2,894,304. The trade was a 8.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $1,692,120.00. Following the sale, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. This trade represents a 3.21% 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. Over the last three months, insiders have sold 14,941 shares of company stock valued at $5,444,112. Insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $463.28 on Tuesday. The firm has a 50 day moving average price of $384.01 and a 200-day moving average price of $311.33. Teradyne, Inc. has a 52-week low of $88.60 and a 52-week high of $472.37. The firm has a market capitalization of $72.52 billion, a price-to-earnings ratio of 85.79, a PEG ratio of 1.26 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were paid a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s payout ratio is currently 9.63%.

Analyst Ratings Changes

A number of research firms have recently commented on TER. Stifel Nicolaus raised their target price on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Susquehanna upped their price target on Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 30th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Evercore set a $370.00 target price on shares of Teradyne in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $373.87.

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.