Contravisory Investment Management Inc. purchased a new stake in Teradyne, Inc. (NASDAQ:TER – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,617 shares of the company’s stock, valued at approximately $1,369,000.
A number of other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Teradyne in the fourth quarter worth $28,000. Davidson Capital Management Inc. acquired a new stake in shares of Teradyne during the third quarter worth approximately $31,000. CYBER HORNET ETFs LLC bought a new position in shares of Teradyne in the second quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teradyne in the 4th quarter worth approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Teradyne during the 3rd quarter worth approximately $41,000. Institutional investors own 99.77% of the company’s stock.
Teradyne Trading Up 10.5%
NASDAQ TER opened at $471.96 on Friday. The company has a market cap of $73.88 billion, a P/E ratio of 87.40, a PEG ratio of 1.23 and a beta of 1.79. Teradyne, Inc. has a 12-month low of $88.60 and a 12-month high of $472.37. The company has a fifty day simple moving average of $380.63 and a 200 day simple moving average of $307.83.
Teradyne Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is 9.63%.
Insider Buying and Selling
In other Teradyne news, insider Shannon John Poulin sold 656 shares of the firm’s 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 transaction, the insider directly owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the transaction, the chief executive officer owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,941 shares of company stock valued at $5,444,112 over the last 90 days. Company insiders own 0.19% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on TER. The Goldman Sachs Group increased their price target on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. UBS Group upped their target price on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Evercore set a $370.00 price objective on shares of Teradyne in a report on Thursday, April 30th. Finally, Susquehanna increased their target price on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average price target of $363.87.
Read Our Latest Stock Analysis 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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