Sigma Planning Corp Acquires 1,923 Shares of Teradyne, Inc. $TER

Sigma Planning Corp lifted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 57.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,252 shares of the company’s stock after buying an additional 1,923 shares during the period. Sigma Planning Corp’s holdings in Teradyne were worth $2,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Leeward Financial Partners LLC bought a new position in shares of Teradyne in the 2nd quarter worth approximately $3,735,000. Gouws Capital LLC raised its position in Teradyne by 96.0% in the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after acquiring an additional 7,505 shares during the period. Legal & General Group Plc purchased a new position in shares of Teradyne during the 2nd quarter worth $656,058,000. B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Teradyne during the 2nd quarter valued at $4,826,000. Finally, Zweig DiMenna Associates LLC increased its stake in shares of Teradyne by 10.0% in the 4th quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock worth $15,607,000 after purchasing an additional 7,300 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 1.4%

TER opened at $349.83 on Tuesday. The stock has a 50-day moving average of $378.22 and a 200 day moving average of $357.57. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91. The firm has a market cap of $54.69 billion, a P/E ratio of 47.99, a P/E/G ratio of 0.72 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 103.9% on a year-over-year basis. On average, research analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Evercore reaffirmed an “outperform” rating and set a $420.00 price objective on shares of Teradyne in a research report on Thursday, July 30th. Susquehanna raised their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. UBS Group lifted their price target on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne 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.