Three Seasons Wealth LLC Decreases Position in Teradyne, Inc. $TER

Three Seasons Wealth LLC trimmed its position in shares of Teradyne, Inc. (NASDAQ:TER) by 79.6% during the second quarter, Holdings Channel reports. The firm owned 1,676 shares of the company’s stock after selling 6,550 shares during the quarter. Three Seasons Wealth LLC’s holdings in Teradyne were worth $811,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its stake in shares of Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after buying an additional 468 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Teradyne in the 1st quarter worth about $297,000. Cresset Asset Management LLC grew its stake in Teradyne by 11.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock valued at $608,000 after acquiring an additional 702 shares during the last quarter. NewEdge Advisors LLC grew its stake in Teradyne by 467.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock valued at $306,000 after acquiring an additional 2,807 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Teradyne by 5.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock valued at $6,755,000 after acquiring an additional 3,651 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of Teradyne 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 owned 112,495 shares in the company, valued at $47,810,375. The trade was a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TER shares. Weiss Ratings upgraded shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. UBS Group increased their price target on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Morgan Stanley raised their price objective on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. The Goldman Sachs Group restated a “buy” rating and set a $465.00 price objective on shares of Teradyne in a research report on Tuesday, July 28th. Finally, Evercore reaffirmed an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. One equities research 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 company’s stock. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Stock Performance

Shares of TER opened at $357.03 on Friday. Teradyne, Inc. has a fifty-two week low of $109.56 and a fifty-two week high of $487.91. The company has a market capitalization of $55.82 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 0.68 and a beta of 1.78. The stock has a fifty day moving average of $370.59 and a two-hundred day moving average of $358.04.

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 business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business’s revenue was up 103.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. As a group, equities research analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

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

Teradyne Company 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.