Teradyne, Inc. $TER Stock Sold by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors reduced its Teradyne stake by 28.8% in the third quarter, selling 3,991 shares and retaining 9,880 shares valued at approximately $3.96 million. Institutional investors collectively own 99.77% of Teradyne.
• Analyst sentiment remains favorable, with 11 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $396.80. Recent target increases included UBS at $500 and Susquehanna at $550.
• Teradyne reported strong quarterly results, with EPS of $2.47 versus the $2.09 estimate and revenue of $1.33 billion, up 103.9% year over year. CEO Gregory Smith separately sold 4,000 shares under a pre-arranged Rule 10b5-1 plan.

Farther Finance Advisors LLC lowered its position in Teradyne, Inc. (NASDAQ:TER - Free Report) by 28.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,880 shares of the company's stock after selling 3,991 shares during the quarter. Farther Finance Advisors LLC's holdings in Teradyne were worth $3,961,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TER. Community Financial Services Group LLC acquired a new position in shares of Teradyne in the second quarter valued at $29,000. Elevation Wealth Partners LLC grew its position in shares of Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company's stock valued at $34,000 after purchasing an additional 66 shares during the last quarter. Mcdonald Partners LLC bought a new position in shares of Teradyne during the second quarter worth approximately $36,000. Hilltop National Bank acquired a new position in Teradyne in the 2nd quarter valued at $41,000. Finally, McIlrath & Eck LLC bought a new position in Teradyne during the 1st quarter worth $30,000. Institutional investors own 99.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group boosted their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a "buy" rating in a research report on Monday, July 20th. Susquehanna increased their target price on Teradyne from $415.00 to $550.00 and gave the company a "positive" rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded Teradyne from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, September 29th. Wall Street Zen downgraded shares of Teradyne from a "buy" rating to a "hold" rating in a research report on Monday, September 28th. Finally, Zacks Research downgraded Teradyne from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Teradyne currently has an average rating of "Moderate Buy" and an average target price of $396.80.

Insider Activity

In other news, CEO Gregory Smith sold 4,000 shares of the 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 owned 108,495 shares of the company's stock, valued at $36,652,865.85. This represents a 3.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company's stock.

Teradyne Price Performance

NASDAQ:TER opened at $402.68 on Monday. Teradyne, Inc. has a one year low of $131.75 and a one year high of $487.91. The firm has a 50-day moving average of $382.67 and a 200-day moving average of $372.57. The company has a market cap of $62.95 billion, a PE ratio of 55.24, a PEG ratio of 0.81 and a beta of 1.75.

Teradyne (NASDAQ:TER - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the business posted $0.57 EPS. The business's revenue was up 103.9% compared to the same quarter last year. On average, equities research analysts expect that Teradyne, Inc. will post 9.11 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

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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