Brendel Financial Advisors LLC Makes New Investment in Teradyne, Inc. $TER

Key Points

• Brendel Financial Advisors acquired a new stake of 13,506 shares in Teradyne during Q4, valued at approximately $2.61 million, while institutional investors now own about 99.77% of the company.
• Teradyne posted a strong quarter, beating estimates with EPS $1.80 vs. $1.36 expected and revenue of $1.08 billion (up 43.9% YoY$57.2 billion with a P/E of 105.
• Analyst sentiment is mixed-to-positive: consensus is a "Moderate Buy" with an average price target of $289.53, while firms like Susquehanna have lifted targets to as high as $415.

Brendel Financial Advisors LLC acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,506 shares of the company's stock, valued at approximately $2,614,000.

Several other large investors have also recently modified their holdings of the stock. Huntington National Bank boosted its holdings in Teradyne by 1.8% during the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company's stock valued at $491,000 after acquiring an additional 64 shares during the period. Choreo LLC grew its position in Teradyne by 2.2% during the 4th quarter. Choreo LLC now owns 3,043 shares of the company's stock worth $599,000 after acquiring an additional 66 shares during the last quarter. Signaturefd LLC increased its stake in Teradyne by 9.7% in the 4th quarter. Signaturefd LLC now owns 772 shares of the company's stock worth $149,000 after purchasing an additional 68 shares during the period. Parallel Advisors LLC increased its stake in Teradyne by 5.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock worth $181,000 after purchasing an additional 69 shares during the period. Finally, True Wealth Design LLC lifted its position in Teradyne by 49.6% in the fourth quarter. True Wealth Design LLC now owns 211 shares of the company's stock valued at $41,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Teradyne Stock Performance

NASDAQ TER opened at $365.51 on Wednesday. The stock has a market cap of $57.22 billion, a P/E ratio of 105.03, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $68.24 and a fifty-two week high of $373.00. The stock has a 50 day simple moving average of $312.10 and a two-hundred day simple moving average of $230.77.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.44. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The business's revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. Sell-side analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, February 13th. Teradyne's payout ratio is presently 14.94%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Teradyne in a research note on Thursday, January 22nd. TD Cowen reaffirmed a "buy" rating on shares of Teradyne in a research note on Thursday, January 22nd. Northland Securities reiterated a "market perform" rating and set a $270.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Susquehanna increased their price target on shares of Teradyne from $335.00 to $415.00 and gave the company a "positive" rating in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada set a $270.00 price target on shares of Teradyne in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $289.53.

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.

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