Navigation Group LLC bought a new stake in Teradyne, Inc. (NASDAQ:TER – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor bought 2,937 shares of the company’s stock, valued at approximately $871,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Teradyne by 1.8% during the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after buying an additional 40 shares in the last quarter. Stephens Inc. AR lifted its stake in Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares in the last quarter. Sapient Capital LLC boosted its position in Teradyne by 1.5% during the 4th 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 period. Whittier Trust Co. boosted its position in Teradyne by 5.5% during the 1st quarter. Whittier Trust Co. now owns 827 shares of the company’s stock worth $261,000 after acquiring an additional 43 shares during the period. Finally, Truvestments Capital LLC grew its stake in Teradyne by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock valued at $279,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the transaction, the chief executive officer owned 120,470 shares in the company, valued at approximately $50,962,424.10. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the sale, the insider directly owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. The trade was a 4.01% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 14,941 shares of company stock valued at $5,444,112 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.
Teradyne Price Performance
Teradyne (NASDAQ:TER – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. On average, equities research analysts expect that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.
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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 21st. Teradyne’s dividend payout ratio is presently 9.63%.
Analyst Ratings Changes
TER has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a report on Monday, July 6th. JPMorgan Chase & Co. raised shares of 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. Robert W. Baird upped their price objective on shares of Teradyne from $350.00 to $446.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Cantor Fitzgerald increased their target price on shares of Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, Evercore set a $370.00 target price on shares of Teradyne in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $390.53.
View Our Latest Research Report on TER
Teradyne 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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