K2 Principal Fund L.P. Reduces Holdings in Teradyne, Inc. $TER

K2 Principal Fund L.P. trimmed its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 69.5% in the fourth quarter, HoldingsChannel reports. The firm owned 3,664 shares of the company’s stock after selling 8,336 shares during the period. K2 Principal Fund L.P.’s holdings in Teradyne were worth $709,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Teradyne during the 4th quarter worth approximately $28,000. Davidson Capital Management Inc. purchased a new stake in Teradyne in the 3rd quarter worth approximately $31,000. CYBER HORNET ETFs LLC purchased a new stake in Teradyne in the 2nd quarter worth approximately $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Teradyne in the 4th quarter worth approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Teradyne in the 3rd quarter worth approximately $41,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Stock Up 5.7%

Shares of TER opened at $403.20 on Friday. The firm has a market cap of $63.12 billion, a PE ratio of 74.67, a price-to-earnings-growth ratio of 1.66 and a beta of 1.79. The company’s fifty day moving average is $364.24 and its two-hundred day moving average is $291.25. Teradyne, Inc. has a fifty-two week low of $83.00 and a fifty-two week high of $422.11.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share 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 analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. Teradyne’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. As a group, equities research analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were issued a $0.13 dividend. This is a boost 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%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TER. Robert W. Baird set a $350.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Stifel Nicolaus lifted their target price on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. 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 research note on Thursday, April 30th. Morgan Stanley set a $387.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $339.80.

Insider Buying and Selling at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction 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 owned 124,470 shares in the company, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their position. 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 a total of 10,941 shares of company stock worth $3,751,992 in the last quarter. 0.19% of the stock is owned by insiders.

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.