Childress Capital Advisors LLC Takes Position in Teradyne, Inc. $TER

Childress Capital Advisors LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, Holdings Channel reports. The fund purchased 4,834 shares of the company’s stock, valued at approximately $665,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Teradyne in the second quarter valued at $35,000. Steph & Co. bought a new position in Teradyne during the 2nd quarter valued at about $43,000. MUFG Securities EMEA plc purchased a new stake in Teradyne in the 2nd quarter worth about $43,000. Bayforest Capital Ltd lifted its stake in Teradyne by 195.5% in the second quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock worth $47,000 after purchasing an additional 346 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its stake in Teradyne by 29.4% in the second quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock worth $53,000 after purchasing an additional 133 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 3,324 shares of company stock worth $583,639. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TER. Bank of America upgraded Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Wednesday, October 29th. Morgan Stanley increased their target price on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Northland Securities set a $186.00 target price on shares of Teradyne in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Robert W. Baird set a $195.00 price objective on shares of Teradyne in a report on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $185.75.

Teradyne Stock Performance

NASDAQ TER opened at $228.84 on Wednesday. Teradyne, Inc. has a one year low of $65.77 and a one year high of $229.66. The company has a market capitalization of $35.84 billion, a price-to-earnings ratio of 83.21, a price-to-earnings-growth ratio of 1.58 and a beta of 1.84. The company’s 50-day simple moving average is $187.39 and its two-hundred day simple moving average is $140.49.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $769.21 million for the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. Equities analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, November 24th. Teradyne’s payout ratio is presently 17.45%.

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.