Axxcess Wealth Management LLC Increases Stock Holdings in Teradyne, Inc. $TER

Axxcess Wealth Management LLC increased its position in Teradyne, Inc. (NASDAQ:TER) by 91.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,671 shares of the company’s stock after acquiring an additional 2,228 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Teradyne were worth $643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Teradyne in the 2nd quarter worth approximately $152,854,000. Federated Hermes Inc. raised its position in shares of Teradyne by 79.7% in the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after buying an additional 1,679,215 shares in the last quarter. Amundi raised its position in shares of Teradyne by 255.3% in the second quarter. Amundi now owns 1,812,001 shares of the company’s stock worth $170,654,000 after buying an additional 1,302,025 shares in the last quarter. Primecap Management Co. CA boosted its stake in Teradyne by 58.6% during the second quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after buying an additional 1,125,868 shares during the period. Finally, Rafferty Asset Management LLC grew its position in Teradyne by 65.4% during the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after buying an additional 856,540 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of TER opened at $324.85 on Friday. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $327.99. The stock has a 50 day simple moving average of $240.98 and a two-hundred day simple moving average of $178.93. The firm has a market cap of $50.87 billion, a P/E ratio of 93.35, a P/E/G ratio of 2.01 and a beta of 1.83.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data 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. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $970.44 million. During the same period in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 43.9% on a year-over-year basis. On average, equities analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, February 13th. Teradyne’s dividend payout ratio is presently 14.94%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group raised their price target on Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a report on Monday, January 26th. Bank of America upped their price objective on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Susquehanna reiterated a “positive” rating and set a $335.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $256.24.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction dated Friday, December 12th. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

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.