Independent Advisor Alliance Acquires New Position in Teradyne, Inc. $TER

Independent Advisor Alliance bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,003 shares of the company’s stock, valued at approximately $388,000.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Teradyne during the 3rd quarter worth $31,000. Davidson Capital Management Inc. purchased a new stake in shares of Teradyne in the third quarter valued at $31,000. CYBER HORNET ETFs LLC acquired a new position in Teradyne in the second quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Teradyne in the fourth quarter valued at $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Teradyne during the third quarter worth about $41,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

Teradyne stock opened at $337.88 on Monday. The company has a market cap of $52.89 billion, a price-to-earnings ratio of 62.57, a price-to-earnings-growth ratio of 1.39 and a beta of 1.79. Teradyne, Inc. has a 12 month low of $75.99 and a 12 month high of $422.11. The stock’s 50-day moving average is $335.74 and its 200-day moving average is $264.38.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 87.0% on a year-over-year basis. Research analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

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

Insider Activity at Teradyne

In other news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on TER shares. Stifel Nicolaus lifted their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Royal Bank Of Canada set a $270.00 price objective on shares of Teradyne in a report on Monday, February 2nd. Morgan Stanley set a $387.00 target price on shares of Teradyne in a research report on Thursday, April 30th. Northland Securities restated a “market perform” rating and issued a $270.00 target price on shares of Teradyne in a report on Wednesday, February 4th. Finally, Cantor Fitzgerald upped their price target on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $339.80.

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.