Earned Wealth Advisors LLC Purchases New Holdings in Teradyne, Inc. (NASDAQ:TER)

Key Points

• Earned Wealth Advisors LLC purchased 2,657 shares of Teradyne, Inc. for about $219,000 during the first quarter, reflecting growing institutional interest as 99.77% of the stock is held by institutional investors and hedge funds.
• Terkadyne reported a quarterly earnings per share (EPS) of $0.57, surpassing the consensus estimate of $0.54, even though revenue decreased by 10.7% year-over-year.
• Insider CEO Gregory Stephen Smith sold 554 shares at an average price of $105.73, reducing his stake to approximately $10.3 million, indicating some insider liquidity activity.

Earned Wealth Advisors LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,657 shares of the company's stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TER. O Shaughnessy Asset Management LLC lifted its holdings in Teradyne by 8.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,474 shares of the company's stock valued at $1,193,000 after buying an additional 715 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Teradyne by 36.2% in the fourth quarter. Wellington Management Group LLP now owns 14,554 shares of the company's stock valued at $1,833,000 after purchasing an additional 3,870 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Teradyne in the fourth quarter worth approximately $11,365,000. Resona Asset Management Co. Ltd. purchased a new position in Teradyne during the 4th quarter worth $5,975,000. Finally, Federated Hermes Inc. raised its position in Teradyne by 213.3% during the 4th quarter. Federated Hermes Inc. now owns 729,221 shares of the company's stock valued at $91,824,000 after purchasing an additional 496,491 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TER has been the topic of several research reports. Wall Street Zen lowered Teradyne from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Cantor Fitzgerald set a $105.00 target price on shares of Teradyne and gave the company an "overweight" rating in a research report on Tuesday, June 24th. Cowen reaffirmed a "buy" rating on shares of Teradyne in a research report on Wednesday, July 30th. UBS Group reissued a "buy" rating and set a $130.00 price objective (up from $120.00) on shares of Teradyne in a report on Thursday, July 31st. Finally, KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $114.44.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $105.73, for a total value of $58,574.42. Following the completion of the transaction, the chief executive officer owned 97,547 shares in the company, valued at approximately $10,313,644.31. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company's stock.

Teradyne Trading Up 1.5%

TER traded up $1.58 during midday trading on Thursday, hitting $106.46. 2,958,501 shares of the company were exchanged, compared to its average volume of 5,052,279. The company's 50 day simple moving average is $91.78 and its 200 day simple moving average is $92.22. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 2.20 and a beta of 1.72. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The company had revenue of $651.80 million during the quarter, compared to the consensus estimate of $649.02 million. Teradyne had a return on equity of 18.16% and a net margin of 16.59%. Teradyne's revenue for the quarter was down 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, equities analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne announced that its Board of Directors has approved a stock repurchase plan on Monday, April 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

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.