HB Wealth Management LLC Has $2.03 Million Stock Holdings in Teradyne, Inc. $TER

HB Wealth Management LLC lifted its position in Teradyne, Inc. (NASDAQ:TER) by 40.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,841 shares of the company’s stock after purchasing an additional 1,979 shares during the quarter. HB Wealth Management LLC’s holdings in Teradyne were worth $2,028,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Teradyne in the fourth quarter valued at about $28,000. SJS Investment Consulting Inc. raised its stake in shares of Teradyne by 192.9% in the first quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock valued at $49,000 after acquiring an additional 108 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne in the fourth quarter valued at approximately $37,000. True Wealth Design LLC boosted its holdings in shares of Teradyne by 49.6% in the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after acquiring an additional 70 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of Teradyne in the 4th quarter worth approximately $41,000. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the insider directly owned 15,722 shares of the company’s stock, valued at $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 a total of 14,941 shares of company stock worth $5,444,112 over the last three months. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup raised their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Bank of America increased their target price on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group raised their target price on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a research note on Monday. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Evercore set a $370.00 price target on shares of Teradyne in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $390.53.

Teradyne Stock Performance

NASDAQ:TER opened at $379.52 on Tuesday. The stock’s fifty day moving average price is $386.16 and its two-hundred day moving average price is $318.66. Teradyne, Inc. has a 52-week low of $88.60 and a 52-week high of $487.91. The company has a market cap of $59.41 billion, a price-to-earnings ratio of 70.28, a P/E/G ratio of 1.07 and a beta of 1.74.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The business’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. On average, equities analysts predict that Teradyne, Inc. will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

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

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.