Mizuho Markets Cayman LP Makes New Investment in Teradyne, Inc. $TER

Mizuho Markets Cayman LP purchased a new position in Teradyne, Inc. (NASDAQ:TERFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 40,508 shares of the company’s stock, valued at approximately $7,841,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stephens Inc. AR lifted its position in shares of Teradyne by 1.2% in the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after buying an additional 41 shares during the last quarter. Sapient Capital LLC lifted its position in shares of Teradyne by 1.5% in the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after buying an additional 43 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Teradyne by 2.1% in the fourth quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock worth $529,000 after buying an additional 57 shares during the last quarter. Quent Capital LLC lifted its position in shares of Teradyne by 3.8% in 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 during the last quarter. Finally, Huntington National Bank lifted its position in shares of Teradyne by 1.8% in 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 during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In related news, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

NASDAQ TER opened at $358.44 on Friday. Teradyne, Inc. has a twelve month low of $75.99 and a twelve month high of $422.11. The stock has a market capitalization of $56.11 billion, a PE ratio of 66.38, a P/E/G ratio of 1.45 and a beta of 1.79. The stock has a 50-day simple moving average of $340.16 and a 200 day simple moving average of $269.68.

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

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be paid a dividend of $0.13 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio is presently 9.63%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Citigroup boosted their price objective on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a research report on Thursday, April 30th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald boosted their price objective on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group boosted their price objective on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

Check Out Our Latest Analysis on TER

Teradyne Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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