Park Capital Management LLC WI Buys Shares of 4,254 Teradyne, Inc. $TER

Park Capital Management LLC WI bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,254 shares of the company’s stock, valued at approximately $586,000.

Several other large investors have also modified their holdings of the stock. Cadent Capital Advisors LLC purchased a new position in Teradyne in the 3rd quarter valued at $1,546,000. World Investment Advisors acquired a new stake in shares of Teradyne in the 3rd quarter worth $1,013,000. Gilman Hill Asset Management LLC lifted its stake in shares of Teradyne by 2.1% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 26,188 shares of the company’s stock worth $3,605,000 after acquiring an additional 540 shares during the period. Optas LLC purchased a new stake in shares of Teradyne in the third quarter valued at about $209,000. Finally, Net Worth Advisory Group acquired a new position in shares of Teradyne during the third quarter worth about $352,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $198.39 on Friday. The business’s 50 day simple moving average is $177.48 and its 200-day simple moving average is $133.18. The firm has a market capitalization 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, Inc. has a 12 month low of $65.77 and a 12 month high of $205.00.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. The firm had revenue of $769.21 million during the quarter, compared to the consensus estimate 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 last year, the business posted $0.90 EPS. On average, equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were given a $0.12 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is currently 17.45%.

Analysts Set New Price Targets

A number of equities research analysts recently commented 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 report on Wednesday, November 12th. Northland Securities set a $186.00 target price on Teradyne in a research report on Thursday, October 30th. Industrial Alliance Securities set a $175.00 price target on Teradyne in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Teradyne in a report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $185.75.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer owned 93,409 shares of the company’s stock, valued at $18,804,165.79. The trade was a 1.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 3,324 shares of company stock worth $583,639. Insiders own 0.16% of the company’s stock.

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.