Zhang Financial LLC Purchases Shares of 2,905 Teradyne, Inc. $TER

Zhang Financial LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,905 shares of the company’s stock, valued at approximately $861,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in Teradyne in the 4th quarter valued at approximately $28,000. CYBER HORNET ETFs LLC acquired a new position in Teradyne during the 2nd quarter worth approximately $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne during the 4th quarter worth approximately $37,000. True Wealth Design LLC grew 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 acquiring an additional 70 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of Teradyne during the 4th quarter worth approximately $41,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TER shares. Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Susquehanna raised their target price on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Bank of America lifted their price target on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Stifel Nicolaus boosted their price target on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $390.53.

Teradyne Stock Performance

TER opened at $322.36 on Friday. Teradyne, Inc. has a fifty-two week low of $89.18 and a fifty-two week high of $487.91. The company has a market capitalization of $50.46 billion, a P/E ratio of 59.70, a P/E/G ratio of 0.93 and a beta of 1.74. The stock has a fifty day moving average of $382.06 and a 200-day moving average of $327.17.

Teradyne (NASDAQ:TER) last released its quarterly 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. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted $0.75 earnings per share. Teradyne’s revenue was up 87.0% compared to the same quarter last year. On average, equities research analysts predict that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, May 21st. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.

Insiders Place Their Bets

In other news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at approximately $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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. The trade was a 6.46% 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. Insiders have sold a total of 14,941 shares of company stock worth $5,444,112 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

About Teradyne

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.