Secure Asset Management LLC Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

Secure Asset Management LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,103 shares of the company’s stock, valued at approximately $549,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Teradyne in the second quarter worth $27,000. Rothschild Investment LLC purchased a new stake in shares of Teradyne in the 2nd quarter valued at about $33,000. Quarry LP boosted its position in shares of Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after purchasing an additional 342 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Performance

Shares of Teradyne stock opened at $126.04 on Friday. Teradyne, Inc. has a 52-week low of $81.07 and a 52-week high of $163.21. The company’s 50 day moving average price is $130.24 and its 200-day moving average price is $131.33. The stock has a market capitalization of $19.68 billion, a price-to-earnings ratio of 47.92, a P/E/G ratio of 2.74 and a beta of 1.49.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.38%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Analyst Ratings Changes

TER has been the subject of a number of research reports. Susquehanna boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Robert W. Baird upped their target price on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Evercore ISI raised their price target on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Citigroup cut their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. raised their price objective on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.57.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now owns 17,143 shares in the company, valued at $2,207,504.11. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,977 shares of company stock worth $1,979,834. 0.36% of the stock is currently owned by insiders.

Teradyne Company 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.