Net Worth Advisory Group Invests $352,000 in Teradyne, Inc. $TER

Net Worth Advisory Group bought a new stake in Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,556 shares of the company’s stock, valued at approximately $352,000.

Other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in Teradyne in the second quarter valued at approximately $35,000. Steph & Co. acquired a new stake in Teradyne in the 2nd quarter valued at $43,000. MUFG Securities EMEA plc acquired a new stake in Teradyne in the 2nd quarter valued at $43,000. Bayforest Capital Ltd increased its stake in Teradyne by 195.5% during the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock valued at $47,000 after purchasing an additional 346 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Teradyne by 29.4% during the second quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock worth $53,000 after buying an additional 133 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 3,324 shares of company stock worth $583,639. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TER shares. Citigroup raised 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. Robert W. Baird set a $195.00 price target on shares of Teradyne in a research report on Friday, October 31st. The Goldman Sachs Group upgraded Teradyne from a “sell” rating to a “buy” rating and lifted their price target for the company from $148.00 to $230.00 in a research note on Monday, December 15th. Evercore ISI increased their price objective on Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Finally, UBS Group raised their target price on Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.75.

Teradyne Stock Performance

NASDAQ:TER opened at $198.39 on Thursday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $205.00. The firm has a 50-day moving average price of $176.30 and a two-hundred day moving average price of $132.72. The firm has a market cap of $31.07 billion, a price-to-earnings ratio of 72.14, a price-to-earnings-growth ratio of 2.07 and a beta of 1.85.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $769.21 million during 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%.Teradyne’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were given 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 currently 17.45%.

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.