Crestwood Advisors Group LLC Acquires New Holdings in Teradyne, Inc. $TER

Crestwood Advisors Group LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,612 shares of the company’s stock, valued at approximately $360,000.

Several other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in shares of Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after purchasing an additional 468 shares during the period. Caxton Associates LLP purchased a new position in Teradyne during the first quarter worth about $297,000. Nordea Investment Management AB grew its position in Teradyne by 11.5% during the second quarter. Nordea Investment Management AB now owns 15,561 shares of the company’s stock worth $1,399,000 after buying an additional 1,610 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Teradyne by 42.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 5,209 shares of the company’s stock worth $485,000 after acquiring an additional 1,552 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Teradyne by 48.0% in the 2nd quarter. Whittier Trust Co. now owns 987 shares of the company’s stock valued at $89,000 after acquiring an additional 320 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer owned 93,409 shares in the company, valued at approximately $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Teradyne Trading Up 0.3%

Shares of NASDAQ:TER opened at $315.90 on Friday. The stock has a market capitalization of $49.47 billion, a P/E ratio of 90.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.83. The stock’s 50-day moving average price is $238.35 and its 200-day moving average price is $176.91. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $327.99.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.Teradyne’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. As a group, research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is currently 14.94%.

Analyst Ratings Changes

Several brokerages have recently commented on TER. Stifel Nicolaus set a $325.00 price objective on Teradyne in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research note on Thursday, January 22nd. Vertical Research cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research report on Friday, January 9th. UBS Group upped their target price on shares of Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Susquehanna reissued a “positive” rating and issued a $335.00 target price on shares of Teradyne in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $256.24.

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.