Three Seasons Wealth LLC Lowers Holdings in Teradyne, Inc. $TER

Key Points

• Three Seasons Wealth LLC cut its Teradyne stake by 79.6% in the second quarter, selling 6,550 shares and retaining 1,676 shares valued at approximately $811,000. Institutional investors still own 99.77% of the company.
• Analyst sentiment remains positive, with Teradyne holding a consensus “Moderate Buy” rating and an average price target of $396.80, although ratings range from “Hold” to price targets as high as $550.
• Teradyne reported strong quarterly results, including $2.47 in EPS and $1.33 billion in revenue, with revenue rising 103.9% year over year. The company also declared a quarterly dividend of $0.13 per share, equal to a 0.1% yield.

Three Seasons Wealth LLC decreased its holdings in Teradyne, Inc. (NASDAQ:TER - Free Report) by 79.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,676 shares of the company's stock after selling 6,550 shares during the period. Three Seasons Wealth LLC's holdings in Teradyne were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its holdings in Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company's stock worth $342,000 after buying an additional 468 shares during the last quarter. Caxton Associates LLP purchased a new stake in Teradyne in the first quarter valued at approximately $297,000. Cresset Asset Management LLC boosted its holdings in shares of Teradyne by 11.6% in the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company's stock valued at $608,000 after acquiring an additional 702 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Teradyne by 467.1% in the second quarter. NewEdge Advisors LLC now owns 3,408 shares of the company's stock valued at $306,000 after acquiring an additional 2,807 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of Teradyne by 5.1% during the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company's stock worth $6,755,000 after acquiring an additional 3,651 shares during 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 a number of recent research reports. Bank of America lifted their target price on shares of Teradyne from $365.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded shares of Teradyne from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Robert W. Baird reissued a "neutral" rating and set a $420.00 price objective on shares of Teradyne in a research report on Friday, August 21st. The Goldman Sachs Group restated a "buy" rating and issued a $465.00 price objective on shares of Teradyne in a research note on Tuesday, July 28th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $396.80.

Teradyne Stock Performance

NASDAQ:TER opened at $357.03 on Friday. The stock has a fifty day moving average price of $370.59 and a two-hundred day moving average price of $358.04. The stock has a market capitalization of $55.82 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 0.68 and a beta of 1.78. Teradyne, Inc. has a 1 year low of $109.56 and a 1 year high of $487.91.

Teradyne (NASDAQ:TER - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.57 earnings per share. Teradyne's quarterly revenue was up 103.9% compared to the same quarter last year. On average, analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Announces Dividend

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

Insider Buying and Selling

In related 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 transaction of $1,700,000.00. Following the sale, the chief executive officer owned 112,495 shares of the company's stock, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The transaction 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. Corporate insiders own 0.19% of the company's stock.

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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