Y.D. More Investments Ltd Takes $344,000 Position in Teradyne, Inc. $TER

Y.D. More Investments Ltd bought a new position in Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,500 shares of the company’s stock, valued at approximately $344,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TER. Synovus Financial Corp purchased a new stake in Teradyne during the third quarter valued at about $219,000. Essex Financial Services Inc. purchased a new position in shares of Teradyne in the third quarter worth about $237,000. Axxcess Wealth Management LLC lifted its stake in shares of Teradyne by 91.2% in the 3rd quarter. Axxcess Wealth Management LLC now owns 4,671 shares of the company’s stock valued at $643,000 after acquiring an additional 2,228 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in shares of Teradyne in the 3rd quarter valued at about $360,000. Finally, NEOS Investment Management LLC boosted its holdings in Teradyne by 49.0% during the 3rd quarter. NEOS Investment Management LLC now owns 13,583 shares of the company’s stock valued at $1,870,000 after acquiring an additional 4,467 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Price Performance

Shares of Teradyne stock opened at $324.85 on Friday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $327.99. The firm’s 50-day moving average is $240.98 and its 200 day moving average is $178.43. The stock has a market cap of $50.87 billion, a price-to-earnings ratio of 93.35, a PEG ratio of 1.96 and a beta of 1.83.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. On average, equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. Teradyne’s payout ratio is 14.94%.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Northland Securities reaffirmed a “market perform” rating and set a $270.00 price objective on shares of Teradyne in a research note on Wednesday, February 4th. Citigroup boosted their price target on Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Cantor Fitzgerald increased their price objective on Teradyne from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Vertical Research lowered Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $256.24.

Teradyne Company 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.