Pure Financial Advisors LLC Takes Position in Teradyne, Inc. $TER

Pure Financial Advisors LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,155 shares of the company’s stock, valued at approximately $224,000.

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

Teradyne Stock Performance

NASDAQ TER opened at $457.00 on Tuesday. The firm has a market cap of $71.54 billion, a price-to-earnings ratio of 84.63, a PEG ratio of 1.80 and a beta of 1.79. The firm has a 50 day simple moving average of $376.35 and a 200-day simple moving average of $302.73. Teradyne, Inc. has a one year low of $85.58 and a one year high of $459.19.

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

Teradyne Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Morgan Stanley set a $387.00 target price on Teradyne in a research report on Thursday, April 30th. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Cantor Fitzgerald raised their price target on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Evercore set a $370.00 price objective on Teradyne in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the stock in a transaction on Thursday, May 7th. The shares were 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 approximately $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is currently owned by company insiders.

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.