Parcion Private Wealth LLC Makes New Investment in Teradyne, Inc. $TER

Parcion Private Wealth LLC purchased a new position in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,408 shares of the company’s stock, valued at approximately $273,000.

Several other institutional investors have also added to or reduced their stakes in the business. ARK Investment Management LLC lifted its holdings in shares of Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after purchasing an additional 548,140 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Teradyne by 9.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after purchasing an additional 7,648 shares during the period. Aspen Wealth Strategies LLC acquired a new stake in shares of Teradyne during the third quarter worth about $577,000. Assenagon Asset Management S.A. lifted its holdings in shares of Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after purchasing an additional 882,723 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Teradyne by 291.6% during the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock worth $2,247,000 after purchasing an additional 18,612 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Up 4.0%

Shares of TER stock opened at $380.38 on Friday. The stock has a 50 day moving average of $317.52 and a 200 day moving average of $234.35. The stock has a market cap of $59.55 billion, a P/E ratio of 109.30, a P/E/G ratio of 2.21 and a beta of 1.79. Teradyne, Inc. has a twelve month low of $68.24 and a twelve month high of $381.47.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.Teradyne’s quarterly revenue was up 43.9% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. On average, research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were given a $0.12 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s payout ratio is 14.94%.

Analysts Set New Price Targets

TER has been the subject of a number of research reports. Robert W. Baird lifted their target price on Teradyne from $305.00 to $332.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. TD Cowen reiterated a “buy” rating on shares of Teradyne in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price target on Teradyne from $315.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday. Bank of America lifted their price target on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Northland Securities reiterated a “market perform” rating and set a $270.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $303.53.

Teradyne Company Profile

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.