Pinnacle Associates Ltd. Takes Position in Teradyne, Inc. $TER

Pinnacle Associates Ltd. acquired a new stake in Teradyne, Inc. (NASDAQ:TERFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,617 shares of the company’s stock, valued at approximately $313,000.

Several other large investors have also made changes to their positions in the business. Quent Capital LLC boosted its holdings in Teradyne by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,738 shares of the company’s stock worth $336,000 after buying an additional 63 shares in the last quarter. Huntington National Bank boosted its holdings in Teradyne by 1.8% during the third quarter. Huntington National Bank now owns 3,566 shares of the company’s stock worth $491,000 after buying an additional 64 shares in the last quarter. Choreo LLC boosted its holdings in Teradyne by 2.2% during the fourth quarter. Choreo LLC now owns 3,043 shares of the company’s stock worth $599,000 after buying an additional 66 shares in the last quarter. Signaturefd LLC boosted its holdings in Teradyne by 9.7% during the fourth quarter. Signaturefd LLC now owns 772 shares of the company’s stock worth $149,000 after buying an additional 68 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Teradyne by 5.6% during the third quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock worth $181,000 after buying an additional 69 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Teradyne

In other news, VP Ryan Driscoll sold 680 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TER has been the topic of a number of recent analyst reports. TD Cowen reissued a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Susquehanna increased their price target on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. Morgan Stanley set a $387.00 price target on shares of Teradyne in a report on Thursday, April 30th. Northland Securities reaffirmed a “market perform” rating and set a $270.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Finally, Stifel Nicolaus increased their price objective on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

View Our Latest Stock Analysis on TER

Teradyne Stock Up 0.1%

Shares of NASDAQ TER opened at $321.52 on Wednesday. The firm has a 50-day simple moving average of $337.02 and a 200-day simple moving average of $266.66. The stock has a market capitalization of $50.33 billion, a price-to-earnings ratio of 59.54, a price-to-earnings-growth ratio of 1.32 and a beta of 1.79. Teradyne, Inc. has a 52 week low of $75.99 and a 52 week high of $422.11.

Teradyne (NASDAQ:TERGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, equities research analysts expect that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.

About Teradyne

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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