Essex Financial Services Inc. Acquires Shares of 1,725 Teradyne, Inc. $TER

Essex Financial Services Inc. bought a new position in Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,725 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors also recently modified their holdings of the business. Axxcess Wealth Management LLC raised its holdings in Teradyne by 91.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 4,671 shares of the company’s stock valued at $643,000 after acquiring an additional 2,228 shares during the period. Crestwood Advisors Group LLC purchased a new position in shares of Teradyne in the third quarter valued at $360,000. NEOS Investment Management LLC raised its stake in shares of Teradyne by 49.0% during the 3rd quarter. NEOS Investment Management LLC now owns 13,583 shares of the company’s stock valued at $1,870,000 after purchasing an additional 4,467 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Teradyne by 9.7% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 85,983 shares of the company’s stock worth $11,835,000 after purchasing an additional 7,580 shares in the last quarter. Finally, Zions Bancorporation National Association UT boosted its stake in Teradyne by 126.8% in the 3rd quarter. Zions Bancorporation National Association UT now owns 1,805 shares of the company’s stock worth $248,000 after purchasing an additional 1,009 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. Susquehanna restated a “positive” rating and issued a $335.00 price objective on shares of Teradyne in a research report on Wednesday, February 4th. Vertical Research lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research report on Friday, January 9th. Citigroup increased their price objective on Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Stifel Nicolaus set a $325.00 price objective on Teradyne in a research note on Wednesday, February 4th. Finally, UBS Group upped their target price on Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. One investment 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $256.24.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Teradyne Stock Up 2.8%

Shares of NASDAQ TER opened at $324.85 on Friday. The firm’s fifty day moving average is $240.98 and its 200 day moving average is $178.93. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $327.99. The company has a market cap of $50.87 billion, a price-to-earnings ratio of 93.35, a PEG ratio of 2.01 and a beta of 1.83.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. The business 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%.The business’s revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Equities research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

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