SteelPeak Wealth LLC Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

SteelPeak Wealth LLC purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,279 shares of the company’s stock, valued at approximately $841,000.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB raised its stake in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after acquiring an additional 426,900 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Teradyne by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after acquiring an additional 50,156 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Teradyne by 8.2% during the first quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock valued at $21,295,000 after acquiring an additional 14,272 shares during the last quarter. MBB Public Markets I LLC purchased a new position in shares of Teradyne during the second quarter valued at about $1,619,000. Finally, Empowered Funds LLC increased its position in shares of Teradyne by 137.6% during the first quarter. Empowered Funds LLC now owns 20,028 shares of the company’s stock valued at $2,260,000 after buying an additional 11,599 shares during the period. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TER has been the topic of several research analyst reports. Stifel Nicolaus reduced their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Craig Hallum reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Northland Capmk cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and a consensus price target of $142.62.

Insider Activity

In related news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the sale, the director now owns 15,893 shares in the company, valued at $2,110,590.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,352 shares of company stock worth $1,899,353 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Teradyne Stock Down 3.3 %

NASDAQ:TER opened at $109.48 on Thursday. The company’s 50 day moving average price is $128.07 and its 200-day moving average price is $131.96. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.46 and a beta of 1.49.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 3.12 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Thursday, September 5th. Teradyne’s payout ratio is 15.24%.

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.