Worthington Financial Partners LLC Acquires New Holdings in Teradyne, Inc. $TER

Worthington Financial Partners LLC bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, Holdings Channel.com reports. The firm bought 4,177 shares of the company’s stock, valued at approximately $809,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $28,000. Davidson Capital Management Inc. bought a new stake in shares of Teradyne during the third quarter valued at approximately $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the second quarter worth approximately $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teradyne during the fourth quarter worth approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Teradyne in the 3rd quarter worth approximately $41,000. Institutional investors own 99.77% of the company’s stock.

Insider Activity

In other news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This represents a 6.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is owned by company insiders.

Teradyne Price Performance

Teradyne stock opened at $437.92 on Friday. The firm has a 50 day simple moving average of $374.49 and a 200-day simple moving average of $300.01. The stock has a market capitalization of $68.55 billion, a PE ratio of 81.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.79. Teradyne, Inc. has a 12-month low of $84.24 and a 12-month high of $440.75.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. On average, analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a dividend of $0.13 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s payout ratio is 9.63%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TER shares. Stifel Nicolaus raised their target price on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Evercore set a $370.00 price target on Teradyne in a research report on Thursday, April 30th. Citigroup increased their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Susquehanna raised their price target on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Finally, Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $339.80.

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.