Kestra Private Wealth Services LLC Purchases New Holdings in Teradyne, Inc. (NASDAQ:TER)

Posted by Defense World Staff on Apr 20th, 2023

Kestra Private Wealth Services LLC purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,252 shares of the company’s stock, valued at approximately $284,000.

A number of other large investors also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its holdings in Teradyne by 39.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 430,146 shares of the company’s stock worth $37,197,000 after buying an additional 120,835 shares during the last quarter. Keybank National Association OH raised its holdings in Teradyne by 17.2% in the fourth quarter. Keybank National Association OH now owns 4,628 shares of the company’s stock worth $404,000 after buying an additional 678 shares during the last quarter. Atria Investments Inc purchased a new position in Teradyne in the fourth quarter worth about $1,510,000. KCM Investment Advisors LLC raised its holdings in Teradyne by 3.3% in the fourth quarter. KCM Investment Advisors LLC now owns 3,159 shares of the company’s stock worth $276,000 after buying an additional 100 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Teradyne by 45.5% in the fourth quarter. Kestra Advisory Services LLC now owns 6,684 shares of the company’s stock worth $584,000 after buying an additional 2,090 shares during the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Teradyne

In related news, VP Charles Jeffrey Gray sold 11,070 shares of the firm’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $100.54, for a total transaction of $1,112,977.80. Following the completion of the transaction, the vice president now directly owns 22,706 shares of the company’s stock, valued at $2,282,861.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Charles Jeffrey Gray sold 11,070 shares of the firm’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $100.54, for a total transaction of $1,112,977.80. Following the completion of the transaction, the vice president now directly owns 22,706 shares of the company’s stock, valued at $2,282,861.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 750 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $75,000.00. Following the transaction, the director now directly owns 19,737 shares of the company’s stock, valued at $1,973,700. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,216 shares of company stock valued at $1,527,578. Corporate insiders own 0.36% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ TER opened at $98.56 on Thursday. The firm has a fifty day moving average price of $103.75 and a 200-day moving average price of $99.10. The stock has a market cap of $15.35 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 4.40 and a beta of 1.56. Teradyne, Inc. has a 1 year low of $67.81 and a 1 year high of $117.42.

Teradyne (NASDAQ:TER – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.17. The firm had revenue of $731.84 million during the quarter, compared to analysts’ expectations of $711.84 million. Teradyne had a net margin of 22.68% and a return on equity of 30.09%. The company’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 earnings per share. On average, research analysts expect that Teradyne, Inc. will post 2.96 EPS for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, February 17th were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, February 16th. This represents a $0.44 annualized dividend and a yield of 0.45%. Teradyne’s payout ratio is 10.43%.

Analyst Ratings Changes

Several research firms have recently weighed in on TER. JPMorgan Chase & Co. cut shares of Teradyne from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $90.00 to $81.00 in a report on Monday. Jefferies Financial Group began coverage on shares of Teradyne in a report on Thursday, January 12th. They set a “buy” rating for the company. Citigroup boosted their price objective on shares of Teradyne from $112.00 to $125.00 and gave the company a “buy” rating in a report on Sunday, February 5th. Loop Capital cut shares of Teradyne from a “buy” rating to a “hold” rating and decreased their price objective for the company from $110.00 to $102.00 in a report on Friday, January 27th. Finally, Morgan Stanley boosted their price objective on shares of Teradyne from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $91.00.

About Teradyne

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Teradyne, Inc engages in the development and sale of automatic test systems. It operates through the following business segments: Semiconductor Test, System Test, Robotics, Wireless Test, and Corporate. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.