Teradyne, Inc. $TER Shares Sold by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd reduced its position in Teradyne, Inc. (NASDAQ:TER) by 15.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,700 shares of the company’s stock after selling 2,905 shares during the quarter. Teradyne makes up approximately 0.8% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 29th biggest position. Hel Ved Capital Management Ltd’s holdings in Teradyne were worth $3,039,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teradyne in the 4th quarter valued at about $37,000. True Wealth Design LLC lifted its stake in shares of Teradyne by 49.6% in the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after purchasing an additional 70 shares in the last quarter. Davidson Capital Management Inc. acquired a new position in shares of Teradyne in the 3rd quarter valued at about $31,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Teradyne by 92.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 240 shares of the company’s stock valued at $46,000 after purchasing an additional 115 shares in the last quarter. Finally, Activest Wealth Management lifted its stake in shares of Teradyne by 73.6% in the 4th quarter. Activest Wealth Management now owns 243 shares of the company’s stock valued at $47,000 after purchasing an additional 103 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Teradyne stock opened at $403.20 on Friday. The stock’s 50 day moving average price is $364.24 and its 200 day moving average price is $291.25. The firm has a market capitalization of $63.12 billion, a PE ratio of 74.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.79. Teradyne, Inc. has a one year low of $83.00 and a one year high of $422.11.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.11 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.Teradyne’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. On average, analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the sale, the insider directly owned 15,722 shares in the company, valued at $5,581,310. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Teradyne stock in a transaction that occurred 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 sale, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. This represents a 6.46% 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. Insiders have sold 10,941 shares of company stock worth $3,751,992 in the last three months. 0.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 30th. Robert W. Baird set a $350.00 price target on Teradyne in a research report on Thursday, April 30th. Evercore set a $370.00 price target on Teradyne in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group boosted their price target on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

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.