Swiss Life Asset Management Ltd grew its holdings in Teradyne, Inc. (NASDAQ:TER – Free Report) by 8.6% during the fourth quarter, HoldingsChannel reports. The fund owned 27,585 shares of the company’s stock after purchasing an additional 2,194 shares during the period. Swiss Life Asset Management Ltd’s holdings in Teradyne were worth $5,339,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its holdings in Teradyne by 3.8% in the fourth quarter. Quent Capital LLC now owns 1,738 shares of the company’s stock valued at $336,000 after purchasing an additional 63 shares in the last quarter. Huntington National Bank raised its holdings in Teradyne by 1.8% during the third quarter. Huntington National Bank now owns 3,566 shares of the company’s stock worth $491,000 after purchasing an additional 64 shares in the last quarter. Choreo LLC raised its holdings in Teradyne by 2.2% during the fourth quarter. Choreo LLC now owns 3,043 shares of the company’s stock worth $599,000 after purchasing an additional 66 shares in the last quarter. Signaturefd LLC lifted its position in shares of Teradyne by 9.7% during the 4th quarter. Signaturefd LLC now owns 772 shares of the company’s stock worth $149,000 after buying an additional 68 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Teradyne by 5.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock worth $181,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Insider Transactions at Teradyne
In other Teradyne news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.
Teradyne Price Performance
Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 22.55% and a return on equity of 31.79%. Teradyne’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. As a group, analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current year.
Teradyne Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a $0.13 dividend. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.1%. Teradyne’s payout ratio is presently 9.63%.
Analyst Ratings Changes
A number of research firms recently commented on TER. Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Zacks Research downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Stifel Nicolaus raised their price objective on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Royal Bank Of Canada set a $270.00 target price on Teradyne in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised 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. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.
Read Our Latest 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.
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