Sierra Summit Advisors LLC Takes $10.18 Million Position in Teradyne, Inc. $TER

Sierra Summit Advisors LLC purchased a new position in Teradyne, Inc. (NASDAQ:TER) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,350 shares of the company’s stock, valued at approximately $10,183,000. Teradyne makes up about 1.5% of Sierra Summit Advisors LLC’s holdings, making the stock its 27th largest position.

Other institutional investors and 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 4th quarter valued at about $28,000. Davidson Capital Management Inc. purchased a new position in Teradyne in the 3rd quarter worth approximately $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne during the 2nd quarter worth approximately $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teradyne during the 4th quarter worth approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Teradyne in the third quarter valued at approximately $41,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Stock Performance

TER stock opened at $369.09 on Friday. The firm has a market cap of $57.78 billion, a PE ratio of 68.35, a PEG ratio of 1.24 and a beta of 1.74. The firm’s 50 day moving average price is $386.91 and its 200-day moving average price is $316.11. Teradyne, Inc. has a one year low of $88.60 and a one year high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. Equities research analysts predict that Teradyne, Inc. will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were paid a $0.13 dividend. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s dividend payout ratio is currently 9.63%.

Insider Transactions at Teradyne

In related news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the sale, the insider directly owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup increased their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Robert W. Baird raised their target price on Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. UBS Group raised their target price on Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Evercore set a $370.00 price target on Teradyne in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $382.87.

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.