Poinciana Advisors Group LLC Sells 1,633 Shares of Teradyne, Inc. $TER

Poinciana Advisors Group LLC lowered its stake in Teradyne, Inc. (NASDAQ:TER) by 54.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,382 shares of the company’s stock after selling 1,633 shares during the period. Teradyne makes up approximately 0.5% of Poinciana Advisors Group LLC’s holdings, making the stock its 16th largest holding. Poinciana Advisors Group LLC’s holdings in Teradyne were worth $669,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Community Financial Services Group LLC bought a new position in Teradyne during the 2nd quarter worth approximately $29,000. Elevation Wealth Partners LLC increased its stake in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after purchasing an additional 66 shares during the period. Hilltop National Bank bought a new stake in Teradyne in the second quarter valued at approximately $41,000. McIlrath & Eck LLC bought a new stake in Teradyne in the first quarter valued at approximately $30,000. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Teradyne during the second quarter valued at approximately $51,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TER. Stifel Nicolaus raised their target price on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. UBS Group upped their price target on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Bank of America increased their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $396.80.

Teradyne Price Performance

TER opened at $410.52 on Friday. Teradyne, Inc. has a one year low of $106.30 and a one year high of $487.91. The business has a 50 day simple moving average of $383.05 and a two-hundred day simple moving average of $347.89. The firm has a market capitalization of $64.18 billion, a price-to-earnings ratio of 56.31, a PEG ratio of 0.81 and a beta of 1.78.

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

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider directly owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the transaction, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This trade represents a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,664 shares of company stock valued at $2,273,133 in the last ninety days. 0.19% of the stock is currently owned by insiders.

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.