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

Evoke Wealth LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,642 shares of the company’s stock, valued at approximately $318,000.

A number of other hedge funds also recently modified their holdings of TER. ARK Investment Management LLC grew its position in shares of Teradyne by 25.2% in the 3rd quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after buying an additional 548,140 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Teradyne by 656.4% in the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after buying an additional 108,745 shares during the period. Aspen Wealth Strategies LLC bought a new position in shares of Teradyne during the third quarter worth about $577,000. Assenagon Asset Management S.A. lifted its stake in shares of Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after acquiring an additional 882,723 shares during the period. Finally, Gouws Capital LLC lifted its stake in shares of Teradyne by 96.0% in the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after acquiring an additional 7,505 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a research report on Thursday, April 30th. Robert W. Baird set a $350.00 price target on shares of Teradyne in a research report on Thursday, April 30th. The Goldman Sachs Group upped their price objective on shares of Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus lifted their target price on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $339.80.

Teradyne Stock Performance

Shares of TER stock opened at $358.44 on Tuesday. Teradyne, Inc. has a fifty-two week low of $75.99 and a fifty-two week high of $422.11. The stock has a 50 day simple moving average of $341.60 and a two-hundred day simple moving average of $271.57. The company has a market cap of $56.11 billion, a P/E ratio of 66.38, a PEG ratio of 1.47 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. On average, research analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be paid a dividend of $0.13 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s payout ratio is currently 9.63%.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares in the company, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. 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.