Stone Wealth Partners Takes Position in Teradyne, Inc. $TER

Stone Wealth Partners purchased a new position in Teradyne, Inc. (NASDAQ:TERFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,847 shares of the company’s stock, valued at approximately $551,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in Teradyne during the 4th quarter valued at approximately $398,777,000. Wellington Management Group LLP boosted its holdings in Teradyne by 13,949.4% in the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after acquiring an additional 2,022,389 shares in the last quarter. Aspex Management HK Ltd bought a new stake in Teradyne in the fourth quarter worth $199,723,000. Corient Private Wealth LLC grew its stake in shares of Teradyne by 2,189.2% in the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after acquiring an additional 1,028,916 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its stake in shares of Teradyne by 48.6% in the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock worth $395,427,000 after acquiring an additional 940,000 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the sale, the chief executive officer owned 124,470 shares of the company’s stock, valued at $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the sale, the insider owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their position. The SEC filing for this sale provides additional information. 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 have sold a total of 14,941 shares of company stock worth $5,444,112 in the last ninety days. Insiders own 0.19% of the company’s stock.

Teradyne Stock Up 7.2%

TER opened at $437.92 on Friday. The stock has a market capitalization of $68.55 billion, a price-to-earnings ratio of 81.10, a PEG ratio of 1.68 and a beta of 1.79. The firm has a 50 day moving average price of $372.90 and a 200-day moving average price of $299.04. Teradyne, Inc. has a twelve month low of $84.24 and a twelve month high of $440.75.

Teradyne (NASDAQ:TERGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 87.0% on a year-over-year basis. As a group, analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were paid a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Analyst Ratings Changes

Several research firms have recently issued reports on TER. Susquehanna lifted their price target on Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research report on Thursday, April 9th. UBS Group increased their price objective on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a report on Thursday, April 30th. Finally, Evercore set a $370.00 target price on shares of Teradyne in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $339.80.

Get Our Latest Stock Analysis on TER

Teradyne Company Profile

(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.

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Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TERFree Report).

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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