Kestra Private Wealth Services LLC Decreases Holdings in Teradyne, Inc. $TER

Kestra Private Wealth Services LLC lowered its position in Teradyne, Inc. (NASDAQ:TER) by 25.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,734 shares of the company’s stock after selling 1,598 shares during the period. Kestra Private Wealth Services LLC’s holdings in Teradyne were worth $1,403,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Teradyne during the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Teradyne in the fourth quarter valued at $37,000. True Wealth Design LLC raised its stake in shares of Teradyne by 49.6% during the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after buying an additional 70 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Teradyne in the 4th quarter worth about $41,000. Finally, DV Equities LLC purchased a new stake in shares of Teradyne in the 4th quarter worth about $42,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Trading Up 6.0%

NASDAQ:TER opened at $463.28 on Tuesday. The firm has a market cap of $72.52 billion, a price-to-earnings ratio of 85.79, a price-to-earnings-growth ratio of 1.26 and a beta of 1.79. The company’s 50-day moving average is $384.01 and its two-hundred day moving average is $311.33. Teradyne, Inc. has a 12-month low of $88.60 and a 12-month high of $472.37.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion during 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 company’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. On average, equities research analysts forecast that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently announced 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 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 presently 9.63%.

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction on 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 directly owned 15,722 shares in the company, valued at approximately $5,581,310. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Also, 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 transaction, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 14,941 shares of company stock valued at $5,444,112. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TER shares. Robert W. Baird raised their target price on shares of Teradyne from $350.00 to $446.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Morgan Stanley set a $387.00 price target on shares of Teradyne in a research report on Thursday, April 30th. UBS Group raised their price objective on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group lifted their price objective on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Evercore set a $370.00 target price on Teradyne in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $373.87.

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.