Hollencrest Capital Management Acquires 2,257 Shares of Teradyne, Inc. $TER

Hollencrest Capital Management grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 1,912.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,375 shares of the company’s stock after acquiring an additional 2,257 shares during the quarter. Hollencrest Capital Management’s holdings in Teradyne were worth $1,149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Teradyne during the fourth quarter worth approximately $28,000. Community Financial Services Group LLC bought a new stake in shares of Teradyne in the 2nd quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new stake in shares of Teradyne in the 1st quarter valued at approximately $30,000. Elevation Wealth Partners LLC lifted its stake in shares of Teradyne by 1,320.0% in the 2nd 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 purchased a new position in shares of Teradyne in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings raised Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Susquehanna raised their price target on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Wall Street Zen lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group boosted their price objective on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Price Performance

Shares of TER opened at $354.97 on Friday. The firm has a market capitalization of $55.50 billion, a price-to-earnings ratio of 48.69, a PEG ratio of 0.72 and a beta of 1.78. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91. The company has a 50-day moving average of $380.37 and a 200 day moving average of $356.92.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion for 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%. The company’s revenue for the quarter was up 103.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. On average, equities analysts anticipate that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.

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.