SMART Wealth LLC Acquires 1,953 Shares of Teradyne, Inc. $TER

SMART Wealth LLC increased its position in Teradyne, Inc. (NASDAQ:TER) by 206.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,899 shares of the company’s stock after acquiring an additional 1,953 shares during the period. SMART Wealth LLC’s holdings in Teradyne were worth $1,402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TER. Caitong International Asset Management Co. Ltd purchased a new stake in Teradyne in the fourth quarter worth about $28,000. Community Financial Services Group LLC purchased a new position in shares of Teradyne during the 2nd quarter valued at about $29,000. McIlrath & Eck LLC bought a new position in shares of Teradyne during the 1st quarter valued at approximately $30,000. Elevation Wealth Partners LLC boosted its position 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 purchasing an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Teradyne during the 2nd quarter valued at $35,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Trading Up 5.4%

NASDAQ TER opened at $357.03 on Friday. The firm’s fifty day simple moving average is $370.59 and its two-hundred day simple moving average is $358.04. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91. The firm has a market capitalization of $55.82 billion, a P/E ratio of 48.98, a P/E/G ratio of 0.68 and a beta of 1.78.

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

Teradyne Announces Dividend

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 paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio is presently 7.13%.

Insider Buying and Selling

In other news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the sale, the chief executive officer directly owned 112,495 shares in the company, 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 is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TER shares. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Evercore reiterated an “outperform” rating and issued a $420.00 price target on shares of Teradyne in a research report on Thursday, July 30th. Susquehanna boosted their price objective 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. Bank of America increased their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, UBS Group boosted their target price on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $396.80.

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.