Baker Ellis Asset Management LLC Buys Shares of 5,373 Teradyne, Inc. $TER

Baker Ellis Asset Management LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,373 shares of the company’s stock, valued at approximately $740,000.

A number of other large investors have also recently made changes to their positions in the stock. CYBER HORNET ETFs LLC bought a new stake in shares of Teradyne during the 2nd quarter valued at $35,000. Steph & Co. bought a new position in Teradyne in the 2nd quarter worth about $43,000. MUFG Securities EMEA plc purchased a new position in Teradyne during the 2nd quarter valued at about $43,000. Bayforest Capital Ltd increased its position in shares of Teradyne by 195.5% during the second quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock valued at $47,000 after buying an additional 346 shares during the period. Finally, Manchester Capital Management LLC increased its position in shares of Teradyne by 29.4% during the second quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock valued at $53,000 after buying an additional 133 shares during the period. 99.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TER shares. Citigroup boosted their price objective on shares of Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group raised shares of Teradyne from a “sell” rating to a “buy” rating and raised their price target for the company from $148.00 to $230.00 in a report on Monday, December 15th. Morgan Stanley boosted their price target on shares of Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Evercore ISI increased their price objective on Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Susquehanna reissued a “positive” rating and set a $215.00 price objective on shares of Teradyne in a research note on Thursday, October 30th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Teradyne Stock Down 2.8%

NASDAQ TER opened at $216.31 on Friday. The stock’s 50-day simple moving average is $189.15 and its two-hundred day simple moving average is $141.59. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $229.66. The company has a market capitalization of $33.88 billion, a price-to-earnings ratio of 78.66, a PEG ratio of 1.61 and a beta of 1.84.

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

Teradyne Dividend Announcement

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

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.