Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) by 13.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,191 shares of the company’s stock after selling 1,276 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Teradyne were worth $2,428,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in TER. Norges Bank purchased a new position in shares of Teradyne in the fourth quarter valued at $398,777,000. Wellington Management Group LLP increased its stake in Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after buying an additional 2,022,389 shares during the period. Aspex Management HK Ltd acquired a new position in Teradyne in the 4th quarter worth $199,723,000. Corient Private Wealth LLC lifted its holdings in Teradyne by 2,189.2% in the 4th quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after buying an additional 1,028,916 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its position in Teradyne by 48.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after buying an additional 940,000 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently weighed in on TER. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. The Goldman Sachs Group boosted their price target on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Cantor Fitzgerald increased their price target on Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Evercore set a $370.00 price objective on Teradyne in a report on Thursday, April 30th. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $339.80.
Insiders Place Their Bets
In other news, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the transaction, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 business’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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. 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 have sold a total of 14,941 shares of company stock valued at $5,444,112 in the last quarter. Insiders own 0.19% of the company’s stock.
Teradyne Stock Performance
TER opened at $437.92 on Monday. The company has a 50-day moving average of $374.49 and a 200-day moving average of $300.85. The company has a market capitalization of $68.55 billion, a P/E ratio of 81.10, a PEG ratio of 1.80 and a beta of 1.79. Teradyne, Inc. has a 1-year low of $84.24 and a 1-year high of $440.75.
Teradyne (NASDAQ:TER – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.11 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. As a group, sell-side analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.
Teradyne Increases Dividend
The company also recently announced 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. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is 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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