Hollencrest Capital Management Buys 2,257 Shares of Teradyne, Inc. $TER

Hollencrest Capital Management lifted its position in Teradyne, Inc. (NASDAQ:TER) by 1,912.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,375 shares of the company’s stock after purchasing an additional 2,257 shares during the period. Hollencrest Capital Management’s holdings in Teradyne were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TER. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Teradyne by 0.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company’s stock valued at $957,096,000 after buying an additional 12,659 shares in the last quarter. New Mexico Educational Retirement Board increased its stake in Teradyne by 4.1% in the 2nd quarter. New Mexico Educational Retirement Board now owns 7,700 shares of the company’s stock worth $3,726,000 after buying an additional 300 shares in the last quarter. Mufg Securities Americas Inc. increased its stake in Teradyne by 8.8% in the 2nd quarter. Mufg Securities Americas Inc. now owns 4,715 shares of the company’s stock worth $2,281,000 after buying an additional 382 shares in the last quarter. Van ECK Associates Corp raised its holdings in Teradyne by 5.0% during the second quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock valued at $1,261,813,000 after acquiring an additional 123,549 shares during the period. Finally, Nissay Asset Management Corp Japan raised its holdings in Teradyne by 44.4% during the second quarter. Nissay Asset Management Corp Japan now owns 134,875 shares of the company’s stock valued at $65,258,000 after acquiring an additional 41,472 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TER. UBS Group upped their price objective on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Wall Street Zen downgraded Teradyne from a “buy” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group reissued a “buy” rating and issued a $465.00 price target on shares of Teradyne in a report on Tuesday, July 28th. Bank of America upped their price target on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley increased their price objective on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Trading Down 4.6%

Shares of TER stock opened at $354.97 on Friday. The stock has a market capitalization of $55.50 billion, a price-to-earnings ratio of 48.69, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91. The stock’s 50-day moving average price is $380.37 and its 200-day moving average price is $356.92.

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

Teradyne Announces Dividend

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

Insider Activity

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

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.