Forum Financial Management LP Acquires Shares of 3,042 Teradyne, Inc. $TER

Forum Financial Management LP bought a new position in Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,042 shares of the company’s stock, valued at approximately $419,000.

Several other hedge funds have also recently modified their holdings of TER. CYBER HORNET ETFs LLC purchased a new stake in shares of Teradyne during the 2nd quarter valued at about $35,000. Hemington Wealth Management lifted its position in Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the period. Steph & Co. bought a new position in shares of Teradyne during the 2nd quarter valued at $43,000. MUFG Securities EMEA plc purchased a new position in shares of Teradyne in the 2nd quarter worth $43,000. Finally, Bayforest Capital Ltd grew its holdings in shares of Teradyne by 195.5% in the second quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock worth $47,000 after acquiring an additional 346 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TER. Morgan Stanley upped their price target on shares of Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Northland Securities set a $186.00 price target on shares of Teradyne in a research note on Thursday, October 30th. UBS Group boosted their price objective on shares of Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Robert W. Baird set a $195.00 target price on Teradyne in a report on Friday, October 31st. Finally, Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $197.63.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Teradyne Stock Performance

NASDAQ TER opened at $229.27 on Wednesday. The stock has a 50 day moving average price of $191.75 and a 200-day moving average price of $145.14. Teradyne, Inc. has a one year low of $65.77 and a one year high of $230.32. The company has a market capitalization of $35.91 billion, a P/E ratio of 83.37, a P/E/G ratio of 1.62 and a beta of 1.84.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th were paid a $0.12 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

About Teradyne

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.