Florida Financial Advisors LLC Makes New $845,000 Investment in Teradyne, Inc. $TER

Florida Financial Advisors LLC purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,849 shares of the company’s stock, valued at approximately $845,000.

Several other institutional investors and hedge funds have also made changes to their positions in TER. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Teradyne during the fourth quarter valued at $28,000. CYBER HORNET ETFs LLC acquired a new position in Teradyne in the 2nd quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Teradyne in the 4th quarter valued at about $37,000. True Wealth Design LLC lifted its holdings in Teradyne by 49.6% in the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after purchasing an additional 70 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in Teradyne in the 4th quarter valued at about $41,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the company’s 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 completion of the transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The sale 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. Also, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the transaction, the insider directly owned 15,066 shares in the company, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders sold 14,941 shares of company stock valued at $5,444,112. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TER. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded shares of Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. The Goldman Sachs Group raised their target price on shares of Teradyne from $350.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Cantor Fitzgerald lifted their target price on shares of Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $394.53.

Teradyne Trading Up 12.1%

Shares of NASDAQ:TER opened at $374.04 on Wednesday. The firm has a market cap of $58.55 billion, a price-to-earnings ratio of 69.27, a PEG ratio of 0.97 and a beta of 1.74. The stock’s 50-day moving average price is $381.71 and its two-hundred day moving average price is $330.32. Teradyne, Inc. has a 12-month low of $89.18 and a 12-month high of $487.91.

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

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a $0.13 dividend. The ex-dividend date was Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s payout ratio is presently 9.63%.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne is rising with other semiconductor equipment names as dip buyers return to the market and re-enter AI-linked stocks after a sharp sector pullback. Seagate, Western Digital, FormFactor, Amkor, and Teradyne Shares Are Soaring, What You Need To Know
• Positive Sentiment: Wall Street expects Teradyne to report earnings growth next week, and coverage suggests the company has a favorable setup for a potential earnings beat. Teradyne (TER) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Teradyne was also highlighted as an AI semiconductor supply-chain stock that may benefit from the recent dip, with demand for chip testing and packaging still supported by AI spending trends. 4 AI Semiconductor Supply-Chain Stocks to Buy on the Recent Dip
• Neutral Sentiment: The latest market backdrop remains mixed, with chip stocks rebounding even as broader investors stay focused on earnings and macro uncertainty.

Teradyne Company 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.