Financial Advocates Investment Management Boosts Stake in Teradyne, Inc. $TER

Financial Advocates Investment Management lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 20.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,653 shares of the company’s stock after purchasing an additional 782 shares during the quarter. Financial Advocates Investment Management’s holdings in Teradyne were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TER. Manchester Capital Management LLC lifted its position in Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after buying an additional 140 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Teradyne by 189.9% in the 1st quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock worth $38,000 after acquiring an additional 302 shares during the last quarter. Steph & Co. purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $43,000. Bayforest Capital Ltd increased its holdings in Teradyne by 195.5% in the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock valued at $47,000 after purchasing an additional 346 shares during the last quarter. Finally, Quaker Wealth Management LLC increased its holdings in Teradyne by 200.9% in the 2nd quarter. Quaker Wealth Management LLC now owns 639 shares of the company’s stock valued at $57,000 after purchasing an additional 1,272 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on TER. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price target on shares of Teradyne in a research note on Wednesday, October 29th. Morgan Stanley boosted their price objective on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on Teradyne from $119.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 28th. Finally, Bank of America upgraded shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.25.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total transaction of $199,661.60. Following the completion of the transaction, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. This represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 3,324 shares of company stock worth $494,318. 0.16% of the stock is owned by insiders.

Teradyne Stock Up 7.0%

Shares of Teradyne stock opened at $179.38 on Friday. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $191.56. The company has a 50 day moving average of $154.69 and a 200 day moving average of $117.37. The company has a market capitalization of $28.09 billion, a P/E ratio of 65.23, a P/E/G ratio of 3.64 and a beta of 1.90.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The company had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. During the same period in the prior year, the firm posted $0.90 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, November 24th. Teradyne’s payout ratio is 17.45%.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.