Waddell & Associates LLC bought a new position in Teradyne, Inc. (NASDAQ:TER – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 2,362 shares of the company’s stock, valued at approximately $457,000.
A number of other large investors have also recently made changes to their positions in the business. ARK Investment Management LLC grew its holdings in Teradyne by 25.2% during the 3rd quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after purchasing an additional 548,140 shares during the last quarter. Nordea Investment Management AB boosted its position in Teradyne by 656.4% in the 4th quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after buying an additional 108,745 shares during the period. Gouws Capital LLC boosted its position in Teradyne by 96.0% in the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after buying an additional 7,505 shares during the period. Aspen Wealth Strategies LLC purchased a new stake in Teradyne in the 3rd quarter valued at about $577,000. Finally, Assenagon Asset Management S.A. boosted its position in Teradyne by 3,233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after buying an additional 882,723 shares during the period. 99.77% of the stock is currently owned by institutional investors.
Insider Transactions at Teradyne
In other news, VP Ryan Driscoll sold 680 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the sale, the insider owned 15,722 shares in the company, valued at $5,581,310. This trade represents a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,941 shares of company stock worth $3,751,992 over the last 90 days. 0.19% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Research Report on Teradyne
Teradyne Stock Down 1.5%
NASDAQ:TER opened at $369.21 on Wednesday. Teradyne, Inc. has a 52 week low of $83.00 and a 52 week high of $422.11. The firm has a 50 day moving average of $359.29 and a 200 day moving average of $287.55. The stock has a market capitalization of $57.80 billion, a price-to-earnings ratio of 68.37, a PEG ratio of 1.54 and a beta of 1.79.
Teradyne (NASDAQ:TER – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping 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 business’s quarterly revenue was up 87.0% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. As a group, analysts expect that Teradyne, Inc. will post 7.09 EPS for the current year.
Teradyne Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be paid a $0.13 dividend. The ex-dividend date is Thursday, May 21st. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.
About Teradyne
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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