Empirical Asset Management LLC Makes New $328,000 Investment in Teradyne, Inc. $TER

Empirical Asset Management LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,697 shares of the company’s stock, valued at approximately $328,000.

Several other hedge funds have also recently bought and sold shares of TER. Wellington Management Group LLP lifted its position in Teradyne by 13,949.4% during 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 during the last quarter. Alkeon Capital Management LLC lifted its position in Teradyne by 48.6% during 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. Assenagon Asset Management S.A. lifted its position in Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after acquiring an additional 882,723 shares during the last quarter. Rafferty Asset Management LLC lifted its position in Teradyne by 65.4% during the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after acquiring an additional 856,540 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Teradyne by 60.1% in the second quarter. Bank of America Corp DE now owns 2,082,945 shares of the company’s stock valued at $187,298,000 after buying an additional 781,517 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the transaction, the chief executive officer directly owned 124,470 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This 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. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TER. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. UBS Group lifted their price target 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 target on shares of Teradyne in a research report on Thursday, April 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target for the company in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $387.00 price target on shares of Teradyne in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Trading Up 1.4%

NASDAQ TER opened at $358.44 on Friday. Teradyne, Inc. has a 1-year low of $75.99 and a 1-year high of $422.11. The company has a market cap of $56.11 billion, a price-to-earnings ratio of 66.38, a PEG ratio of 1.45 and a beta of 1.79. The company has a 50 day moving average of $340.16 and a 200-day moving average of $269.68.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data 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 net margin of 22.55% and a return on equity of 31.79%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue was up 87.0% on a year-over-year basis. On average, equities research analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The company 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 dividend of $0.13 per share. 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 is Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.

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.