1,881 Shares in Teradyne, Inc. $TER Acquired by Equitable Holdings Inc.

Equitable Holdings Inc. bought a new position in Teradyne, Inc. (NASDAQ:TER) in the second quarter, Holdings Channel.com reports. The fund bought 1,881 shares of the company’s stock, valued at approximately $910,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in Teradyne during the fourth quarter valued at about $28,000. Community Financial Services Group LLC bought a new stake in Teradyne in the second quarter worth about $29,000. McIlrath & Eck LLC bought a new stake in Teradyne in the first quarter worth about $30,000. Elevation Wealth Partners LLC lifted its holdings in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after acquiring an additional 66 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Teradyne in the 2nd quarter valued at about $35,000. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The transaction 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 company insiders.

Teradyne Stock Down 4.6%

NASDAQ:TER opened at $354.97 on Friday. Teradyne, Inc. has a 1-year low of $109.56 and a 1-year high of $487.91. The firm has a market capitalization of $55.50 billion, a price-to-earnings ratio of 48.69, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. The stock has a fifty day simple moving average of $380.37 and a 200 day simple moving average of $356.92.

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

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is 7.13%.

Analyst Upgrades and Downgrades

TER has been the topic of several recent research reports. UBS Group lifted their price objective on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Wall Street Zen lowered shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Saturday. Susquehanna raised their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $396.80.

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.