Three Seasons Wealth LLC Acquires 3,594 Shares of Teradyne, Inc. $TER

Three Seasons Wealth LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 77.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,226 shares of the company’s stock after acquiring an additional 3,594 shares during the period. Teradyne comprises 0.9% of Three Seasons Wealth LLC’s holdings, making the stock its 29th biggest position. Three Seasons Wealth LLC’s holdings in Teradyne were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Teradyne during the fourth quarter worth approximately $398,777,000. Wellington Management Group LLP boosted its stake in shares of Teradyne by 13,949.4% in the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after buying an additional 2,022,389 shares during the period. Aspex Management HK Ltd acquired a new stake in Teradyne during the fourth quarter worth approximately $199,723,000. Corient Private Wealth LLC grew its position in Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after buying an additional 1,028,916 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Teradyne by 3,233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after acquiring an additional 882,723 shares during the period. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TER. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 30th. The Goldman Sachs Group increased their target price on Teradyne from $350.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Susquehanna raised their price target on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Morgan Stanley set a $387.00 price target on Teradyne in a research note on Thursday, April 30th. Finally, Robert W. Baird upped their price objective on shares of Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.53.

Insider Transactions at Teradyne

In other news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the sale, the insider directly owned 15,066 shares in the company, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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 sale, the chief executive officer directly owned 124,470 shares in the company, valued at $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. Over the last 90 days, insiders sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is currently owned by insiders.

Teradyne Stock Performance

Shares of TER opened at $342.12 on Thursday. Teradyne, Inc. has a 52-week low of $88.60 and a 52-week high of $487.91. The firm has a market cap of $53.56 billion, a price-to-earnings ratio of 63.36, a PEG ratio of 1.02 and a beta of 1.74. The business’s fifty day moving average is $383.44 and its 200-day moving average is $326.33.

Teradyne (NASDAQ:TER) last announced 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.Teradyne’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. As a group, research analysts forecast that Teradyne, Inc. will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

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

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.