Sigma Planning Corp Buys 1,923 Shares of Teradyne, Inc. $TER

Sigma Planning Corp increased its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 57.8% in the second quarter, HoldingsChannel reports. The firm owned 5,252 shares of the company’s stock after buying an additional 1,923 shares during the period. Sigma Planning Corp’s holdings in Teradyne were worth $2,541,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Teradyne during the second quarter valued at approximately $9,404,408,000. Andar Capital Management HK Ltd acquired a new position in shares of Teradyne during the second quarter worth $37,800,000. Norges Bank acquired a new position in shares of Teradyne during the fourth quarter worth $398,777,000. Wellington Management Group LLP lifted its holdings in shares of Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after purchasing an additional 2,022,389 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Teradyne in the 2nd quarter worth $842,822,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 1.4%

Shares of NASDAQ TER opened at $349.83 on Tuesday. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91. The company has a 50 day simple moving average of $378.22 and a two-hundred day simple moving average of $357.57. The stock has a market cap of $54.69 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 0.72 and a beta of 1.78.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. Analysts forecast that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 dividend yield of 0.1%. Teradyne’s dividend payout ratio is presently 7.13%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $465.00 target price on shares of Teradyne in a research report on Tuesday, July 28th. Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Susquehanna upped their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Finally, UBS Group boosted their target price on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $396.80.

Insider Buying and Selling

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

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.