Cresset Asset Management LLC Acquires 2,373 Shares of Teradyne, Inc. $TER

Cresset Asset Management LLC grew its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 35.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,132 shares of the company’s stock after purchasing an additional 2,373 shares during the quarter. Cresset Asset Management LLC’s holdings in Teradyne were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Journey Strategic Wealth LLC bought a new stake in Teradyne in the third quarter worth $222,000. William Blair Investment Management LLC acquired a new position in Teradyne during the third quarter worth $106,735,000. Arete Wealth Advisors LLC bought a new position in Teradyne during the third quarter valued at about $396,000. Huntington National Bank raised its holdings in Teradyne by 1.8% during the third quarter. Huntington National Bank now owns 3,566 shares of the company’s stock valued at $491,000 after buying an additional 64 shares in the last quarter. Finally, Compass Capital Corp MA ADV acquired a new stake in shares of Teradyne in the third quarter worth about $188,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer owned 93,409 shares in the company, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TER shares. Vertical Research downgraded Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Friday, January 9th. Bank of America boosted their price objective on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Robert W. Baird set a $305.00 target price on shares of Teradyne in a research note on Wednesday, February 4th. Stifel Nicolaus set a $325.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada set a $270.00 price target on shares of Teradyne in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $256.24.

Teradyne Stock Performance

Shares of TER opened at $296.44 on Tuesday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $344.92. The firm has a market capitalization of $46.41 billion, a P/E ratio of 85.18, a P/E/G ratio of 1.69 and a beta of 1.76. The company has a 50-day simple moving average of $267.12 and a 200-day simple moving average of $195.28.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. During the same period in the previous year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. As a group, equities analysts forecast 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 issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s payout ratio is 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.