ProShare Advisors LLC lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,392 shares of the company’s stock after purchasing an additional 6,358 shares during the period. ProShare Advisors LLC’s holdings in Teradyne were worth $10,722,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. HighTower Advisors LLC boosted its holdings in shares of Teradyne by 15.2% during the 4th quarter. HighTower Advisors LLC now owns 303,580 shares of the company’s stock worth $58,761,000 after purchasing an additional 40,153 shares during the last quarter. Mission Wealth Management LP lifted its holdings in Teradyne by 3.0% in the fourth quarter. Mission Wealth Management LP now owns 7,216 shares of the company’s stock valued at $1,397,000 after acquiring an additional 212 shares during the last quarter. Sapient Capital LLC lifted its holdings in Teradyne by 1.5% in the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after acquiring an additional 43 shares during the last quarter. North Dakota State Investment Board acquired a new position in Teradyne in the fourth quarter valued at approximately $1,068,000. Finally, May Hill Capital LLC acquired a new position in Teradyne in the fourth quarter valued at approximately $212,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of the business’s 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 sale, the chief executive officer owned 124,470 shares of the company’s stock, valued at $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by insiders.
Teradyne Stock Up 2.6%
Teradyne (NASDAQ:TER – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 earnings per share. Analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.
Teradyne Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio is presently 9.63%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on TER shares. Royal Bank Of Canada set a $270.00 price objective on Teradyne in a report on Monday, February 2nd. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Bank of America upped their price objective on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, UBS Group upped their price objective on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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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