Chapin Davis Inc. Sells 31,370 Shares of Teradyne, Inc. $TER

Chapin Davis Inc. reduced its stake in Teradyne, Inc. (NASDAQ:TER) by 98.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 420 shares of the company’s stock after selling 31,370 shares during the quarter. Chapin Davis Inc.’s holdings in Teradyne were worth $203,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in Teradyne during the 4th quarter worth approximately $28,000. Community Financial Services Group LLC bought a new stake in shares of Teradyne in the 2nd quarter valued at $29,000. McIlrath & Eck LLC bought a new stake in shares of Teradyne in the 1st quarter valued at $30,000. Elevation Wealth Partners LLC increased its position in shares of Teradyne by 1,320.0% during the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after buying an additional 66 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne during the second quarter worth $35,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Down 4.6%

Teradyne stock opened at $354.97 on Friday. The company has a market capitalization of $55.50 billion, a PE ratio of 48.69, a PEG ratio of 0.75 and a beta of 1.78. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91. The firm’s fifty day moving average is $380.37 and its 200 day moving average is $356.92.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company posted $0.57 earnings per share. The business’s quarterly revenue was up 103.9% on a year-over-year basis. Sell-side analysts expect that Teradyne, Inc. will post 9.1 EPS for the current fiscal 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 paid a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. The trade was a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Evercore reissued an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a research report on Thursday, July 30th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Finally, Susquehanna upped their target price on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.