Koss Olinger Consulting LLC Acquires Shares of 1,344 Teradyne, Inc. $TER

Koss Olinger Consulting LLC acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,344 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Forsta AP Fonden grew its stake in Teradyne by 2.8% in the fourth quarter. Forsta AP Fonden now owns 33,000 shares of the company’s stock valued at $6,387,000 after acquiring an additional 900 shares during the period. Norges Bank acquired a new stake in Teradyne in the fourth quarter valued at approximately $398,777,000. Zweig DiMenna Associates LLC grew its stake in Teradyne by 10.0% in the fourth quarter. Zweig DiMenna Associates LLC now owns 80,629 shares of the company’s stock valued at $15,607,000 after acquiring an additional 7,300 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in Teradyne in the fourth quarter valued at approximately $2,011,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Teradyne in the fourth quarter valued at approximately $25,869,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Down 2.2%

Shares of NASDAQ:TER opened at $374.31 on Friday. The stock has a market cap of $58.59 billion, a price-to-earnings ratio of 69.32, a PEG ratio of 1.54 and a beta of 1.79. Teradyne, Inc. has a 12-month low of $77.02 and a 12-month high of $422.11. The business’s 50 day moving average is $348.35 and its 200 day moving average is $276.44.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (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 company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Teradyne’s quarterly revenue was up 87.0% on a year-over-year basis. As a group, equities research analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be given a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s payout ratio is presently 9.63%.

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the business’s stock in a transaction 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 transaction, the insider owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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 completion of the transaction, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. This represents a 8.15% 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. Over the last quarter, insiders have sold 10,941 shares of company stock valued at $3,751,992. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a research report on Thursday, April 30th. UBS Group lifted their target price on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley set a $387.00 target price on Teradyne in a research report on Thursday, April 30th. Finally, Susquehanna lifted their target price on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research report on Thursday, April 9th. One investment 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 company’s stock. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $339.80.

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.