Teradyne, Inc. $TER Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in Teradyne, Inc. (NASDAQ:TER) by 191.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,588 shares of the company’s stock after purchasing an additional 23,370 shares during the quarter. Fifth Third Bancorp’s holdings in Teradyne were worth $10,550,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TER. Caitong International Asset Management Co. Ltd acquired a new stake in Teradyne in the fourth quarter worth about $28,000. CYBER HORNET ETFs LLC acquired a new position in Teradyne in the second quarter worth approximately $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teradyne during the fourth quarter worth $37,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Teradyne during the 3rd quarter worth about $41,000. Finally, True Wealth Design LLC raised its holdings in shares of Teradyne by 49.6% during the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after acquiring an additional 70 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the sale, the insider owned 15,066 shares of the company’s stock, valued at $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This trade represents a 6.46% 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 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on TER. Bank of America increased their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Citigroup boosted their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Evercore set a $370.00 target price on Teradyne in a report on Thursday, April 30th. Finally, The Goldman Sachs Group raised their price target on shares of Teradyne from $350.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.53.

Teradyne Trading Up 3.6%

Shares of NASDAQ TER opened at $353.23 on Wednesday. The company has a 50-day moving average of $384.24 and a two-hundred day moving average of $325.32. Teradyne, Inc. has a 1-year low of $88.60 and a 1-year high of $487.91. The company has a market cap of $55.29 billion, a PE ratio of 65.41, a P/E/G ratio of 0.99 and a beta of 1.74.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s revenue was up 87.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. As a group, equities research analysts forecast that Teradyne, Inc. will post 7.2 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given 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 dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s payout ratio is 9.63%.

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.