Prospera Financial Services Inc increased its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 320.2% in the 4th quarter, Holdings Channel reports. The firm owned 16,686 shares of the company’s stock after purchasing an additional 12,715 shares during the period. Prospera Financial Services Inc’s holdings in Teradyne were worth $3,230,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its position in shares of Teradyne by 1.2% during the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares during the last quarter. Sapient Capital LLC raised its position in shares of Teradyne by 1.5% during the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after acquiring an additional 43 shares during the last quarter. IFP Advisors Inc raised its position in shares of Teradyne by 2.1% during the fourth quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock worth $529,000 after acquiring an additional 57 shares during the last quarter. Quent Capital LLC increased 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 during the last quarter. Finally, Huntington National Bank increased its holdings in Teradyne by 1.8% in the third quarter. Huntington National Bank now owns 3,566 shares of the company’s stock valued at $491,000 after purchasing an additional 64 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Teradyne news, insider Shannon John Poulin sold 656 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the sale, the insider directly owned 15,722 shares in the company, valued at $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Ryan Driscoll sold 680 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This trade represents a 8.15% 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. Insiders sold 10,941 shares of company stock worth $3,751,992 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Report on Teradyne
Teradyne Trading Up 8.6%
NASDAQ TER opened at $389.14 on Wednesday. Teradyne, Inc. has a 12 month low of $77.02 and a 12 month high of $422.11. The stock has a 50-day simple moving average of $343.65 and a 200 day simple moving average of $272.99. The company has a market capitalization of $60.92 billion, a PE ratio of 72.06, a P/E/G ratio of 1.47 and a beta of 1.79.
Teradyne (NASDAQ:TER – Get Free Report) last announced its quarterly earnings results 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. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 87.0% compared to the same quarter last year. As a group, sell-side analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.
Teradyne Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio 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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