SG Americas Securities LLC lifted its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 127.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 452,105 shares of the company’s stock after acquiring an additional 253,378 shares during the quarter. SG Americas Securities LLC’s holdings in Teradyne were worth $134,031,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of TER. UMB Bank n.a. grew its stake in Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after purchasing an additional 40 shares in the last quarter. Stephens Inc. AR increased its position in Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after purchasing an additional 41 shares during the last quarter. Sapient Capital LLC raised its stake in shares of Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after purchasing an additional 43 shares in the last quarter. Truvestments Capital LLC raised its stake in shares of Teradyne by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock worth $279,000 after purchasing an additional 53 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Teradyne by 2.1% during the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $529,000 after buying an additional 57 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.
Teradyne Stock Performance
TER opened at $437.92 on Monday. The company has a market cap of $68.55 billion, a PE ratio of 81.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.79. The stock has a 50-day moving average of $374.49 and a 200-day moving average of $300.85. Teradyne, Inc. has a 52-week low of $84.24 and a 52-week high of $440.75.
Teradyne Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 21st. Teradyne’s dividend payout ratio is 9.63%.
Insider Buying and Selling at Teradyne
In other news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the sale, the insider owned 15,066 shares of the company’s stock, valued at $5,203,344.42. The trade was a 6.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 a total of 14,941 shares of company stock worth $5,444,112 over the last 90 days. Insiders own 0.19% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently commented on TER. Susquehanna boosted their price target on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research report on Thursday, April 30th. UBS Group lifted their target price on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Citigroup boosted their target price on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Stifel Nicolaus increased their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average price target of $339.80.
Read Our Latest Analysis on TER
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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