Teradyne, Inc. $TER Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC trimmed its stake in Teradyne, Inc. (NASDAQ:TER) by 25.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,734 shares of the company’s stock after selling 1,598 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Teradyne were worth $1,403,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of TER. Caitong International Asset Management Co. Ltd acquired a new position in shares of Teradyne in the 4th quarter valued at $28,000. Davidson Capital Management Inc. purchased a new stake in shares of Teradyne during the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne during the 2nd quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teradyne during the 4th quarter worth $37,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Teradyne in the third quarter valued at $41,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stifel Nicolaus upped their price target on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Robert W. Baird increased their target price on shares of Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Citigroup lifted their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, UBS Group upped their price target on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $373.87.

Teradyne Trading Up 6.0%

NASDAQ TER opened at $463.28 on Tuesday. The company’s fifty day simple moving average is $384.01 and its 200-day simple moving average is $311.33. Teradyne, Inc. has a 52 week low of $88.60 and a 52 week high of $472.37. The stock has a market cap of $72.52 billion, a P/E ratio of 85.79, a PEG ratio of 1.26 and a beta of 1.79.

Teradyne (NASDAQ:TER) last released its quarterly 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 business had revenue of $1.28 billion during 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 business’s revenue was up 87.0% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. On average, research analysts expect that Teradyne, Inc. will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

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

Insider Activity

In other news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was 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 in the company, valued at approximately $5,581,310. This trade represents a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 14,941 shares of company stock worth $5,444,112 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

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.