Turner Financial Group Inc. purchased a new position in Teradyne, Inc. (NASDAQ:TER – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,799 shares of the company’s stock, valued at approximately $870,000. Teradyne makes up approximately 0.9% of Turner Financial Group Inc.’s portfolio, making the stock its 22nd largest position.
A number of other hedge funds have also recently added to or reduced their stakes in TER. Caitong International Asset Management Co. Ltd acquired a new position in shares of Teradyne during the fourth quarter worth approximately $28,000. Community Financial Services Group LLC acquired a new stake in Teradyne in the 2nd quarter valued at $29,000. McIlrath & Eck LLC acquired a new stake in Teradyne in the 1st quarter valued at $30,000. Elevation Wealth Partners LLC increased its stake in Teradyne by 1,320.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Teradyne during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Price Performance
TER opened at $357.03 on Friday. The company has a market capitalization of $55.82 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 0.68 and a beta of 1.78. The firm’s fifty day moving average price is $370.59 and its two-hundred day moving average price is $358.04. Teradyne, Inc. has a 1 year low of $109.56 and a 1 year high of $487.91.
Teradyne Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders 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 yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is 7.13%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on TER shares. Susquehanna raised their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Weiss Ratings raised shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Morgan Stanley upped their target price on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $465.00 price target on shares of Teradyne in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $396.80.
Check Out Our Latest Stock Analysis on Teradyne
Insider Buying and Selling
In other Teradyne news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on 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 transaction, the chief executive officer owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.
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.
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