Zhang Financial LLC Purchases New Stake in Teradyne, Inc. $TER

Zhang Financial LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 1st quarter, Holdings Channel.com reports. The firm acquired 2,905 shares of the company’s stock, valued at approximately $861,000.

Other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its position in shares of Teradyne by 149.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $42,000 after buying an additional 85 shares in the last quarter. Forty three Eighteen Advisors LLC boosted its position in shares of Teradyne by 3.0% during the 1st quarter. Forty three Eighteen Advisors LLC now owns 6,836 shares of the company’s stock worth $2,027,000 after acquiring an additional 198 shares in the last quarter. Assetmark Inc. boosted its position in shares of Teradyne by 7.8% during the 1st quarter. Assetmark Inc. now owns 5,030 shares of the company’s stock worth $1,491,000 after acquiring an additional 365 shares in the last quarter. Angeles Wealth Management LLC bought a new position in Teradyne in the first quarter valued at approximately $201,000. Finally, Bessemer Group Inc. increased its stake in Teradyne by 14.8% in the first quarter. Bessemer Group Inc. now owns 6,967 shares of the company’s stock valued at $2,066,000 after acquiring an additional 897 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $423.03, for a total value of $1,692,120.00. Following the completion of the transaction, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares of the company’s stock, valued at $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 14,941 shares of company stock valued at $5,444,112 in the last 90 days. 0.19% of the stock is owned by corporate insiders.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $322.36 on Friday. The company has a market cap of $50.46 billion, a price-to-earnings ratio of 59.70, a PEG ratio of 0.93 and a beta of 1.74. The firm has a 50 day simple moving average of $382.06 and a 200 day simple moving average of $327.17. Teradyne, Inc. has a one year low of $89.18 and a one year high of $487.91.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s quarterly revenue was up 87.0% on a year-over-year basis. During the same quarter last year, the business posted $0.75 earnings per share. As a group, analysts expect that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a dividend of $0.13 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. The Goldman Sachs Group lifted their price target on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Citigroup boosted their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. UBS Group upped their price objective on Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Zacks Research raised 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, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.53.

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.