2,556 Shares in Teradyne, Inc. $TER Acquired by Net Worth Advisory Group

Net Worth Advisory Group acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,556 shares of the company’s stock, valued at approximately $352,000.

A number of other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Teradyne by 41.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,061 shares of the company’s stock valued at $559,000 after buying an additional 1,198 shares during the last quarter. Focused Wealth Management Inc purchased a new stake in Teradyne during the third quarter valued at about $285,000. Cyndeo Wealth Partners LLC purchased a new stake in Teradyne during the third quarter valued at about $257,000. Perpetual Ltd bought a new position in Teradyne during the third quarter worth about $598,000. Finally, Sunflower Bank N.A. purchased a new position in shares of Teradyne in the third quarter worth about $264,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares in the company, valued at $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 3,324 shares of company stock valued at $583,639 over the last quarter. Company insiders own 0.16% of the company’s stock.

Teradyne Stock Performance

Teradyne stock opened at $198.39 on Thursday. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $205.00. The stock has a market cap of $31.07 billion, a P/E ratio of 72.14, a PEG ratio of 2.07 and a beta of 1.85. The firm’s fifty day moving average price is $176.30 and its 200-day moving average price is $132.72.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The business had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. Sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, November 24th. Teradyne’s dividend payout ratio is 17.45%.

Analysts Set New Price Targets

TER has been the topic of a number of recent research reports. Evercore ISI upped their price target on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Stifel Nicolaus set a $225.00 target price on shares of Teradyne and gave the company a “buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. increased their target price on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Citigroup lifted their price target on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Finally, Industrial Alliance Securities set a $175.00 price objective on Teradyne in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $185.75.

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.