Virtus Wealth Solutions LLC Buys Shares of 50,247 Teradyne, Inc. $TER

Virtus Wealth Solutions LLC acquired a new position in Teradyne, Inc. (NASDAQ:TERFree Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 50,247 shares of the company’s stock, valued at approximately $9,726,000. Teradyne comprises 1.8% of Virtus Wealth Solutions LLC’s investment portfolio, making the stock its 14th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Teradyne in the fourth quarter worth $37,000. True Wealth Design LLC grew its position in Teradyne by 49.6% during the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after purchasing an additional 70 shares during the period. Root Financial Partners LLC purchased a new position in shares of Teradyne during the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. acquired a new position in shares of Teradyne in the 3rd quarter valued at about $31,000. Finally, Hemington Wealth Management boosted its stake in shares of Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

TER opened at $418.08 on Friday. The stock has a market capitalization of $65.45 billion, a PE ratio of 120.14, a P/E/G ratio of 2.40 and a beta of 1.79. Teradyne, Inc. has a one year low of $71.27 and a one year high of $422.11. The business’s 50 day moving average price is $325.46 and its 200 day moving average price is $242.98.

Teradyne (NASDAQ:TERGet Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The company’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. As a group, equities research analysts forecast that Teradyne, Inc. will post 6.12 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. Teradyne’s payout ratio is presently 14.94%.

Trending Headlines about Teradyne

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. TD Cowen restated a “buy” rating on shares of Teradyne in a research report on Thursday, January 22nd. Susquehanna lifted their target price on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Robert W. Baird lifted their price objective on shares of Teradyne from $305.00 to $332.00 and gave the company an “outperform” rating in a report on Monday, March 30th. UBS Group upped their target price on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Bank of America boosted their price target on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $314.53.

Get Our Latest Analysis on Teradyne

Teradyne Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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