Choice Wealth Advisors LLC Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

Choice Wealth Advisors LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 1st quarter, Holdings Channel.com reports. The fund bought 1,777 shares of the company’s stock, valued at approximately $200,000. Teradyne accounts for 0.1% of Choice Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest holding.

Several other hedge funds also recently made changes to their positions in the business. CVA Family Office LLC bought a new position in Teradyne in the fourth quarter valued at approximately $33,000. American National Bank acquired a new position in Teradyne in the fourth quarter valued at $37,000. Cambridge Trust Co. acquired a new position in Teradyne in the fourth quarter valued at $38,000. Mather Group LLC. acquired a new position in Teradyne in the first quarter valued at $53,000. Finally, Advantage Trust Co bought a new stake in Teradyne in the fourth quarter valued at $54,000. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TER shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. Susquehanna lifted their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. UBS Group lifted their price target on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. The Goldman Sachs Group lifted their price target on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $125.85.

Insider Buying and Selling at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now directly owns 18,393 shares in the company, valued at $2,645,649.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the sale, the director now directly owns 18,393 shares in the company, valued at approximately $2,645,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard John Burns sold 5,005 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the sale, the insider now owns 21,780 shares in the company, valued at $2,997,799.20. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock worth $1,304,763 over the last three months. 0.18% of the stock is currently owned by insiders.

Teradyne Stock Down 0.4 %

TER stock traded down $0.52 during trading on Monday, reaching $147.77. The stock had a trading volume of 1,159,633 shares, compared to its average volume of 2,031,982. Teradyne, Inc. has a one year low of $81.07 and a one year high of $152.23. The company’s 50 day moving average is $134.08 and its two-hundred day moving average is $115.28. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of 56.38, a P/E/G ratio of 2.80 and a beta of 1.50.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The business had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. During the same period in the prior year, the firm posted $0.55 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, research analysts predict that Teradyne, Inc. will post 3.04 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Tuesday, May 21st. Teradyne’s payout ratio is 18.25%.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.