Teradyne, Inc. $TER Stock: Howard Capital Management LLC Boosts Position

Howard Capital Management LLC raised its position in shares of Teradyne, Inc. (NASDAQ:TER) by 771.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,406 shares of the company’s stock after purchasing an additional 19,834 shares during the period. Howard Capital Management LLC’s holdings in Teradyne were worth $8,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TER. Community Financial Services Group LLC purchased a new position in shares of Teradyne during the 2nd quarter valued at $29,000. Elevation Wealth Partners LLC increased its holdings in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after acquiring an additional 66 shares during the last quarter. Mcdonald Partners LLC purchased a new stake in Teradyne in the 2nd quarter worth about $36,000. Hilltop National Bank bought a new stake in Teradyne in the 2nd quarter valued at about $41,000. Finally, McIlrath & Eck LLC bought a new stake in Teradyne in the 1st quarter valued at about $30,000. 99.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TER has been the topic of several recent research reports. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Morgan Stanley lifted their target price on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. UBS Group lifted their target price on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Robert W. Baird reissued a “neutral” rating and issued a $420.00 price target on shares of Teradyne in a research report on Friday, August 21st. Finally, Wall Street Zen cut shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Monday, September 28th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock 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 business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total value of $1,351,320.00. Following the completion of the sale, the chief executive officer owned 108,495 shares of the company’s stock, valued at approximately $36,652,865.85. The trade was a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 Trading Down 5.3%

Shares of TER traded down $18.21 during midday trading on Friday, reaching $325.00. The stock had a trading volume of 3,202,187 shares, compared to its average volume of 2,563,680. The company has a market capitalization of $50.81 billion, a price-to-earnings ratio of 44.58, a price-to-earnings-growth ratio of 0.69 and a beta of 1.75. The company’s 50-day moving average is $380.05 and its 200 day moving average is $373.84. Teradyne, Inc. has a 12-month low of $135.83 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly 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. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business’s quarterly revenue was up 103.9% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Research analysts forecast that Teradyne, Inc. will post 9.11 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s payout ratio is currently 7.13%.

Teradyne Company 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.