HighTower Advisors LLC Sells 1,629 Shares of Teradyne, Inc. $TER

HighTower Advisors LLC cut its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,590 shares of the company’s stock after selling 1,629 shares during the quarter. HighTower Advisors LLC’s holdings in Teradyne were worth $29,316,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TER. Community Financial Services Group LLC acquired a new stake in Teradyne during the second quarter worth approximately $29,000. Elevation Wealth Partners LLC raised 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 in the last quarter. Mcdonald Partners LLC bought a new stake in shares of Teradyne during the 2nd quarter valued at $36,000. Hilltop National Bank acquired a new position in Teradyne in the second quarter valued at about $41,000. Finally, McIlrath & Eck LLC bought a new stake in Teradyne during the first quarter worth about $30,000. 99.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Teradyne Trading Up 4.2%

Shares of TER stock opened at $372.06 on Wednesday. The firm has a market capitalization of $58.17 billion, a price-to-earnings ratio of 51.04, a PEG ratio of 0.72 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 business’s 50-day moving average price is $366.23 and its 200-day moving average price is $359.11.

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

Teradyne Dividend Announcement

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

Analysts Set New Price Targets

TER has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Wall Street Zen downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Bank of America upped their target price on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. UBS Group lifted their price target on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average target price 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.