Sanctuary Advisors LLC Buys New Stake in Teradyne, Inc. $TER

Sanctuary Advisors LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,990 shares of the company’s stock, valued at approximately $9,188,000.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Teradyne during the 4th quarter worth about $28,000. Community Financial Services Group LLC purchased a new stake in Teradyne during the second quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new position in Teradyne in the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC increased its stake in 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 during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Teradyne during the second quarter worth approximately $35,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Down 2.9%

Shares of TER opened at $364.90 on Tuesday. The company’s 50 day simple moving average is $385.11 and its 200-day simple moving average is $355.09. The firm has a market cap of $57.05 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 0.76 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 released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. Teradyne’s revenue for the quarter was up 103.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s payout ratio is currently 7.13%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Evercore reissued an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. Morgan Stanley upped their price objective on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

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.