Swedbank AB trimmed its holdings in Teradyne, Inc. (NASDAQ:TER – Free Report) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,102 shares of the company’s stock after selling 6,300 shares during the quarter. Swedbank AB’s holdings in Teradyne were worth $7,181,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Prospera Financial Services Inc lifted its holdings in Teradyne by 320.2% in the 4th quarter. Prospera Financial Services Inc now owns 16,686 shares of the company’s stock valued at $3,230,000 after acquiring an additional 12,715 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Teradyne during the fourth quarter valued at about $371,000. EverSource Wealth Advisors LLC lifted its stake in Teradyne by 22.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,756 shares of the company’s stock valued at $727,000 after buying an additional 697 shares in the last quarter. Mizuho Markets Americas LLC purchased a new stake in Teradyne during the fourth quarter valued at about $23,808,000. Finally, Evoke Wealth LLC purchased a new stake in Teradyne during the fourth quarter valued at about $318,000. 99.77% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the transaction, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of 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 position. 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 have sold 10,941 shares of company stock worth $3,751,992 in the last 90 days. Company insiders own 0.19% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on TER
Teradyne Price Performance
Shares of TER opened at $389.14 on Wednesday. The company has a market capitalization of $60.92 billion, a price-to-earnings ratio of 72.06, a P/E/G ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $77.02 and a fifty-two week high of $422.11. The business’s 50-day moving average is $343.65 and its 200-day moving average is $272.99.
Teradyne (NASDAQ:TER – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm’s quarterly revenue was up 87.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. Equities research analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal 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 issued a $0.13 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is currently 9.63%.
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.
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