First Affirmative Financial Network Purchases New Stake in Teradyne, Inc. $TER

First Affirmative Financial Network purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,802 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors have also recently bought and sold shares of TER. Wellington Management Group LLP grew its holdings in shares of Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after buying an additional 2,022,389 shares during the last quarter. Norges Bank bought a new stake in shares of Teradyne during the second quarter worth about $152,854,000. Federated Hermes Inc. raised its holdings in shares of Teradyne by 79.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after acquiring an additional 1,679,215 shares during the last quarter. Amundi raised its holdings in shares of Teradyne by 255.3% in the 2nd quarter. Amundi now owns 1,812,001 shares of the company’s stock worth $170,654,000 after acquiring an additional 1,302,025 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after acquiring an additional 1,125,868 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a report on Thursday, January 22nd. Bank of America lifted their target price on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Susquehanna reissued a “positive” rating and issued a $335.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $273.73.

Teradyne Stock Performance

NASDAQ:TER opened at $300.07 on Thursday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $344.92. The firm has a 50-day moving average price of $279.35 and a two-hundred day moving average price of $203.49. The firm has a market cap of $46.98 billion, a price-to-earnings ratio of 86.23, a price-to-earnings-growth ratio of 1.86 and a beta of 1.76.

Teradyne (NASDAQ:TER) last announced its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The company’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, sell-side analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s payout ratio is currently 14.94%.

Teradyne 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.