Legal Advantage Investments Inc. Purchases New Shares in Teradyne, Inc. $TER

Legal Advantage Investments Inc. acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the company’s stock, valued at approximately $593,000.

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

Insider Activity

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the sale, the insider owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. The trade was a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 14,941 shares of company stock worth $5,444,112 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Teradyne Trading Down 8.1%

NASDAQ:TER opened at $420.12 on Wednesday. The company has a market cap of $65.77 billion, a P/E ratio of 77.80, a P/E/G ratio of 1.88 and a beta of 1.79. Teradyne, Inc. has a twelve month low of $88.60 and a twelve month high of $459.19. The company’s 50-day moving average price is $377.39 and its 200-day moving average price is $304.32.

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

Teradyne Increases Dividend

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

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Bank of America raised its price target on Teradyne to $525 from $365 and reiterated a Buy rating, signaling stronger upside expectations for the semiconductor test and automation company.
• Positive Sentiment: Robert W. Baird also boosted its price target on Teradyne to $446 from $350 and kept an Outperform rating, adding to analyst optimism around the shares.
• Positive Sentiment: Teradyne Robotics announced a collaboration with Vention to create a digital twin platform for Universal Robots cells, which could support its automation and robotics growth story.
• Neutral Sentiment: A recent report noted Teradyne has been trading with elevated volume and has already run well above its longer-term moving averages, suggesting the stock may be sensitive to profit-taking and broader market swings.
• Negative Sentiment: Despite the positive analyst actions, TER still declined more than the general market in the latest session, indicating investors are currently prioritizing risk-off sentiment or locking in gains.

Analysts Set New Price Targets

TER has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Evercore set a $370.00 price objective on Teradyne in a report on Thursday, April 30th. Citigroup boosted their price objective on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group increased their target price on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Susquehanna raised their target price on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $363.87.

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.