NewEdge Advisors LLC Trims Stake in Teradyne, Inc. $TER

NewEdge Advisors LLC lowered its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 22.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,982 shares of the company's stock after selling 4,743 shares during the period. NewEdge Advisors LLC's holdings in Teradyne were worth $7,733,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TER. Community Financial Services Group LLC purchased a new stake in shares of Teradyne during the second quarter valued at 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 worth $34,000 after acquiring an additional 66 shares during the last quarter. Mcdonald Partners LLC bought a new position in Teradyne in the 2nd quarter valued at approximately $36,000. Hilltop National Bank bought a new position in Teradyne in the 2nd quarter valued at approximately $41,000. Finally, McIlrath & Eck LLC purchased a new stake in Teradyne during the 1st quarter valued at $30,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Up 2.6%

Teradyne stock opened at $379.72 on Friday. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91. The company's 50-day moving average price is $365.59 and its 200-day moving average price is $360.05. The company has a market cap of $59.37 billion, a PE ratio of 52.09, a price-to-earnings-growth ratio of 0.77 and a beta of 1.78.

Teradyne (NASDAQ:TER - Get Free Report) last issued 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. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm's revenue for the quarter was up 103.9% on a year-over-year basis. As a group, sell-side analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

Analyst Ratings Changes

TER has been the subject of a number of research analyst reports. Evercore reissued an "outperform" rating and issued a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. Bank of America lifted their price objective on Teradyne from $365.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. The Goldman Sachs Group reissued a "buy" rating and issued a $465.00 target price on shares of Teradyne in a research report on Tuesday, July 28th. Morgan Stanley upped their target price on shares of Teradyne from $387.00 to $397.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of Teradyne from a "buy" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $396.80.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company's stock.

Teradyne Company Profile

Teradyne, Inc NASDAQ: TER develops and supplies automated test equipment and industrial automation solutions. Its testing products are used by semiconductor, electronics, wireless, storage and other manufacturers to evaluate the performance and quality of components, devices and systems during production.

The company's semiconductor test business provides systems for testing logic, memory, analog and mixed-signal devices, along with related handlers and software. Teradyne also offers system and product test solutions for electronic equipment and wireless devices.

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