SteelPeak Wealth LLC Reduces Stake in Teradyne, Inc. $TER

Key Points

• SteelPeak Wealth LLC cut its stake in Teradyne by 69.7% in Q4, selling 3,247 shares and ending the period with 1,409 shares valued at about $273,000.
• Teradyne reported a strong quarter with EPS $1.80 (vs. $1.36 estimate) and revenue of $1.08 billion, up 43.9% year-over-year, and analysts project about 3.88 EPS for the year.
• Analysts have a consensus rating of Moderate Buy with an average price target of $275.53, while shares trade near $315 (market cap ~$49.4B) and institutional ownership is roughly 99.77%.

SteelPeak Wealth LLC reduced its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 69.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,409 shares of the company's stock after selling 3,247 shares during the period. SteelPeak Wealth LLC's holdings in Teradyne were worth $273,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TER. Integrated Wealth Concepts LLC increased its stake in Teradyne by 12.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company's stock valued at $342,000 after purchasing an additional 468 shares in the last quarter. Caxton Associates LLP purchased a new position in Teradyne in the 1st quarter valued at approximately $297,000. M&T Bank Corp increased its stake in Teradyne by 2.9% in the 2nd quarter. M&T Bank Corp now owns 7,569 shares of the company's stock valued at $680,000 after purchasing an additional 214 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Teradyne during the 2nd quarter valued at about $11,629,000. Finally, Guggenheim Capital LLC increased its holdings in Teradyne by 8.2% during the 2nd quarter. Guggenheim Capital LLC now owns 26,056 shares of the company's stock valued at $2,343,000 after acquiring an additional 1,973 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Stifel Nicolaus set a $325.00 target price on shares of Teradyne in a report on Wednesday, February 4th. Robert W. Baird raised their target price on shares of Teradyne from $305.00 to $332.00 and gave the company an "outperform" rating in a report on Monday, March 30th. UBS Group raised their target price on shares of Teradyne from $200.00 to $275.00 and gave the company a "buy" rating in a report on Monday, January 26th. Royal Bank Of Canada set a $270.00 price target on Teradyne in a research report on Monday, February 2nd. Finally, Citigroup raised their price target on Teradyne from $215.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, February 4th. One equities research 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $275.53.

Teradyne Price Performance

Shares of NASDAQ TER opened at $315.43 on Tuesday. The company has a market cap of $49.38 billion, a PE ratio of 90.64, a price-to-earnings-growth ratio of 1.92 and a beta of 1.79. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $344.92. The company has a 50-day simple moving average of $299.46 and a 200-day simple moving average of $221.22.

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

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne's dividend payout ratio is 14.94%.

About Teradyne

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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