Sequoia Financial Advisors LLC Grows Stock Holdings in Teradyne, Inc. $TER

Sequoia Financial Advisors LLC boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 22.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,001 shares of the company’s stock after purchasing an additional 1,651 shares during the period. Sequoia Financial Advisors LLC’s holdings in Teradyne were worth $2,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its stake in shares of Teradyne by 25.3% in the 1st quarter. Kestra Advisory Services LLC now owns 5,444 shares of the company’s stock valued at $1,614,000 after purchasing an additional 1,098 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Teradyne by 0.9% during the first quarter. Resona Asset Management Co. Ltd. now owns 47,918 shares of the company’s stock worth $14,029,000 after purchasing an additional 440 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Teradyne during the first quarter worth $312,000. DSM Capital Partners LLC purchased a new position in Teradyne in the 1st quarter valued at $31,377,000. Finally, Oregon Public Employees Retirement Fund grew its position in Teradyne by 0.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,951 shares of the company’s stock valued at $5,322,000 after buying an additional 71 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the transaction, the insider directly owned 15,066 shares in the company, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TER has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. UBS Group boosted their price target 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. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $387.00 price objective on Teradyne in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $390.53.

Teradyne Stock Performance

Teradyne stock opened at $353.23 on Wednesday. Teradyne, Inc. has a one year low of $88.60 and a one year high of $487.91. The business has a fifty day moving average of $384.24 and a two-hundred day moving average of $325.32. The company has a market cap of $55.29 billion, a P/E ratio of 65.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.74.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. The business’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. Sell-side analysts predict that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a dividend of $0.13 per share. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s payout ratio is presently 9.63%.

About Teradyne

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.