Teradyne, Inc. $TER Position Lessened by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Teradyne position by 99.7% in the third quarter, selling 1,008,081 shares and retaining 2,628 shares worth approximately $1.05 million. Institutional investors and hedge funds collectively own 99.77% of the company.
• Teradyne reported strong quarterly results, with EPS of $2.47 beating estimates of $2.09 and revenue of $1.33 billion rising 103.9% year over year. Analysts expect the company to post $9.11 in full-year EPS.
• Despite shares trading down to $335.69, analyst sentiment remains favorable: Teradyne has a “Moderate Buy” consensus rating and an average price target of $396.80, supported by 11 Buy ratings and five Holds.

Curated Wealth Partners LLC lessened its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 99.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,628 shares of the company's stock after selling 1,008,081 shares during the period. Curated Wealth Partners LLC's holdings in Teradyne were worth $1,054,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TER. Purus Wealth Management LLC grew its holdings in Teradyne by 0.3% during the third quarter. Purus Wealth Management LLC now owns 11,145 shares of the company's stock worth $4,468,000 after acquiring an additional 35 shares during the period. VMS Asset Management Limited raised its position in Teradyne by 96.1% in the third quarter. VMS Asset Management Limited now owns 19,516 shares of the company's stock worth $7,824,000 after acquiring an additional 9,565 shares in the last quarter. Ashurst Perkins Coie Trust Co bought a new stake in Teradyne in the third quarter worth about $176,000. Mather Group LLC. lifted its holdings in Teradyne by 7.9% in the 3rd quarter. Mather Group LLC. now owns 3,017 shares of the company's stock valued at $1,210,000 after acquiring an additional 220 shares during the last quarter. Finally, Fortune 45 LLC lifted its holdings in Teradyne by 13.2% in the 3rd quarter. Fortune 45 LLC now owns 2,459 shares of the company's stock valued at $986,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Price Performance

NASDAQ TER traded down $23.75 on Thursday, hitting $335.69. 1,604,950 shares of the company were exchanged, compared to its average volume of 3,523,377. The firm has a market capitalization of $52.48 billion, a P/E ratio of 45.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.75. Teradyne, Inc. has a twelve month low of $135.83 and a twelve month high of $487.91. The company's 50 day moving average price is $381.97 and its 200-day moving average price is $373.85.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $0.57 EPS. The company's revenue was up 103.9% on a year-over-year basis. As a group, equities analysts expect that Teradyne, Inc. will post 9.11 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. Teradyne's payout ratio is presently 7.13%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, September 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. The Goldman Sachs Group reissued a "buy" rating and set a $465.00 target price on shares of Teradyne in a research note on Tuesday, July 28th. Finally, Evercore reissued an "outperform" rating and set a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $396.80.

Insider Activity at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $337.83, for a total value of $1,351,320.00. Following the transaction, the chief executive officer directly owned 108,495 shares of the company's stock, valued at approximately $36,652,865.85. This represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

Teradyne Profile

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne's products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.

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