Silver Oak Securities Incorporated Takes $1.12 Million Position in Teradyne, Inc. $TER

Silver Oak Securities Incorporated bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,698 shares of the company’s stock, valued at approximately $1,121,000.

Several other large investors have also made changes to their positions in TER. Huntington National Bank increased its position in Teradyne by 1.8% in the third quarter. Huntington National Bank now owns 3,566 shares of the company’s stock worth $491,000 after purchasing an additional 64 shares during the period. Parallel Advisors LLC increased its holdings in Teradyne by 5.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock worth $181,000 after purchasing an additional 69 shares in the last quarter. True Wealth Design LLC grew its stake in shares of 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 acquiring an additional 70 shares in the last quarter. Wedmont Private Capital increased its stake in Teradyne by 3.0% in the 4th quarter. Wedmont Private Capital now owns 2,576 shares of the company’s stock valued at $499,000 after buying an additional 74 shares during the last quarter. Finally, Hemington Wealth Management increased its holdings in shares of Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TER. Stifel Nicolaus set a $325.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. Vertical Research downgraded Teradyne from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Friday, January 9th. Morgan Stanley set a $306.00 price objective on Teradyne in a research report on Wednesday, February 11th. TD Cowen restated a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Finally, Cantor Fitzgerald increased their price target on Teradyne from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $275.53.

Teradyne Stock Up 7.3%

Teradyne stock opened at $296.46 on Wednesday. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $344.92. The firm has a fifty day simple moving average of $292.97 and a two-hundred day simple moving average of $215.69. The company has a market capitalization of $46.41 billion, a PE ratio of 85.19, a P/E/G ratio of 1.71 and a beta of 1.76.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (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%.Teradyne’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, equities analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were paid a $0.12 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s payout ratio is currently 14.94%.

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.