3,864 Shares in Teradyne, Inc. $TER Bought by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,864 shares of the company’s stock, valued at approximately $1,870,000.

Several other large investors have also bought and sold shares of TER. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne in the 4th quarter valued at about $28,000. Community Financial Services Group LLC bought a new position in shares of Teradyne during the second quarter worth about $29,000. McIlrath & Eck LLC bought a new position in shares of Teradyne during the first quarter worth about $30,000. Elevation Wealth Partners LLC lifted its stake in shares of Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne in the second quarter worth approximately $35,000. 99.77% of the stock is owned by institutional investors.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This represents a 3.43% decrease in their ownership of the stock. The sale 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Susquehanna increased their target price on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Robert W. Baird restated a “neutral” rating and issued a $420.00 price target on shares of Teradyne in a research report on Friday, August 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Bank of America lifted their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One research 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. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Stock Performance

Shares of TER stock opened at $354.97 on Friday. The company has a market cap of $55.50 billion, a P/E ratio of 48.69, a PEG ratio of 0.75 and a beta of 1.78. The stock has a 50 day simple moving average of $380.37 and a two-hundred day simple moving average of $356.92. Teradyne, Inc. has a fifty-two week low of $109.56 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.38. The firm had revenue of $1.33 billion for 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 company’s revenue was up 103.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, research analysts predict that Teradyne, Inc. will post 9.1 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, September 4th. Teradyne’s payout ratio is presently 7.13%.

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.