Simplicity Wealth LLC Buys New Stake in Teradyne, Inc. (NASDAQ:TER)

Simplicity Wealth LLC purchased a new position in Teradyne, Inc. (NASDAQ:TER) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,527 shares of the company’s stock, valued at approximately $962,000.

A number of other large investors have also made changes to their positions in the business. Cornerstone Planning Group LLC purchased a new stake in Teradyne during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Teradyne during the third quarter valued at $27,000. CVA Family Office LLC acquired a new position in shares of Teradyne in the 4th quarter valued at $33,000. Bfsg LLC purchased a new position in Teradyne in the 1st quarter worth $34,000. Finally, Venturi Wealth Management LLC acquired a new stake in Teradyne during the 3rd quarter worth about $36,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Teradyne Trading Up 0.5 %

NASDAQ:TER traded up $0.76 on Tuesday, reaching $140.27. The stock had a trading volume of 1,913,813 shares, compared to its average volume of 1,998,476. Teradyne, Inc. has a 12-month low of $81.07 and a 12-month high of $140.64. The stock has a market cap of $21.90 billion, a P/E ratio of 53.33 and a beta of 1.50. The company has a 50-day moving average of $112.79 and a 200 day moving average of $104.72.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same period in the prior year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts predict that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.34%. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TER shares. Susquehanna lifted their price objective on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. KeyCorp upped their price objective on shares of Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Robert W. Baird raised their target price on Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group raised shares of Teradyne from a “neutral” rating to a “buy” rating and boosted their price target for the company from $118.00 to $161.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.17.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.