Morningstar Investment Management LLC increased its stake in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 38.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,523 shares of the company’s stock after acquiring an additional 3,191 shares during the quarter. Morningstar Investment Management LLC’s holdings in Teradyne were worth $3,416,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in Teradyne by 1.8% during 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 raised its position in shares of Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after buying an additional 41 shares in the last quarter. Sapient Capital LLC raised its position in shares of Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after buying an additional 43 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Teradyne by 5.5% in the 1st quarter. Whittier Trust Co. now owns 827 shares of the company’s stock valued at $261,000 after acquiring an additional 43 shares during the last quarter. Finally, Truvestments Capital LLC grew its position in Teradyne by 3.8% in the fourth quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock worth $279,000 after acquiring an additional 53 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.
Teradyne Price Performance
Teradyne stock opened at $349.92 on Friday. The firm has a market capitalization of $54.78 billion, a P/E ratio of 64.80, a price-to-earnings-growth ratio of 1.01 and a beta of 1.74. Teradyne, Inc. has a 1-year low of $89.18 and a 1-year high of $487.91. The company’s 50-day moving average is $382.42 and its 200 day moving average is $332.85.
Teradyne Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is 9.63%.
Insider Activity at Teradyne
In other news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction on Friday, May 15th. The stock was 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 directly owned 124,470 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. This represents a 8.15% 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 sold a total of 14,941 shares of company stock worth $5,444,112 in the last quarter. 0.19% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
TER has been the topic of several analyst reports. Citigroup boosted their price objective on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a report on Thursday, April 30th. UBS Group boosted their target price on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Susquehanna increased their price target on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Finally, Stifel Nicolaus raised their price target on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $394.53.
Read Our Latest Research Report on Teradyne
Teradyne Company 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.
Featured Stories
- Five stocks we like better than Teradyne
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER – Free Report).
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.
