Ashton Thomas Private Wealth LLC Takes Position in Teradyne, Inc. (NASDAQ:TER)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the second quarter, HoldingsChannel reports. The fund purchased 179 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TER. Rothschild Investment LLC bought a new position in shares of Teradyne during the second quarter worth approximately $33,000. Tortoise Investment Management LLC increased its stake in Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. Versant Capital Management Inc raised its holdings in Teradyne by 3,800.0% in the 2nd quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after acquiring an additional 342 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Teradyne by 559.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 435 shares of the company’s stock valued at $65,000 after acquiring an additional 369 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teradyne during the 2nd quarter worth $65,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The disclosure for this sale can be found here. Insiders sold a total of 10,483 shares of company stock worth $1,383,031 over the last three months. 0.36% of the stock is owned by company insiders.

Teradyne Stock Up 1.4 %

NASDAQ TER opened at $129.71 on Wednesday. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 2.63 and a beta of 1.49. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $163.21. The stock has a fifty day simple moving average of $133.35 and a 200 day simple moving average of $127.98.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. Research analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Thursday, September 5th. Teradyne’s dividend payout ratio is currently 18.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Friday, August 16th. Northland Securities reduced their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a report on Friday, July 26th. Craig Hallum downgraded Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a research report on Friday, July 26th. Finally, Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.50.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.