Praxis Investment Management Inc. Sells 1,821 Shares of Teradyne, Inc. $TER

Praxis Investment Management Inc. decreased its stake in Teradyne, Inc. (NASDAQ:TERFree Report) by 37.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,018 shares of the company’s stock after selling 1,821 shares during the quarter. Praxis Investment Management Inc.’s holdings in Teradyne were worth $895,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TER. Caitong International Asset Management Co. Ltd purchased a new stake in Teradyne in the 4th quarter worth approximately $28,000. CYBER HORNET ETFs LLC purchased a new position in Teradyne during the second quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne in the fourth quarter worth approximately $37,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Teradyne in the third quarter worth $41,000. Finally, True Wealth Design LLC increased its stake in shares of Teradyne by 49.6% in the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

Insider Buying and Selling at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred 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 owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the company’s 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 sale, the insider directly owned 15,066 shares in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 14,941 shares of company stock worth $5,444,112 in the last quarter. 0.19% of the stock is owned by corporate insiders.

Teradyne Price Performance

Shares of TER stock opened at $369.09 on Friday. The stock has a market cap of $57.78 billion, a P/E ratio of 68.35, a PEG ratio of 1.07 and a beta of 1.74. Teradyne, Inc. has a 52 week low of $88.60 and a 52 week high of $487.91. The company’s fifty day simple moving average is $386.59 and its two-hundred day simple moving average is $316.48.

Teradyne (NASDAQ:TERGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $0.75 earnings per share. The business’s quarterly revenue was up 87.0% compared to the same quarter last year. On average, analysts anticipate that Teradyne, Inc. will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

The company also recently declared 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 was Thursday, May 21st. This represents a $0.52 annualized dividend 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%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TER. Morgan Stanley set a $387.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Cantor Fitzgerald raised their price target on Teradyne from $400.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 29th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research report on Thursday, April 30th. Evercore set a $370.00 price objective on Teradyne in a research note on Thursday, April 30th. Finally, Bank of America increased their target price on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $382.87.

Read Our Latest Stock Analysis on Teradyne

About Teradyne

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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