Bourgeon Capital Management LLC Sells 9,833 Shares of Teradyne, Inc. $TER

Bourgeon Capital Management LLC lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 21.2% during the fourth quarter, HoldingsChannel reports. The firm owned 36,448 shares of the company’s stock after selling 9,833 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Teradyne were worth $7,055,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TER. Root Financial Partners LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at approximately $31,000. Davidson Capital Management Inc. acquired a new stake in Teradyne during the 3rd quarter worth approximately $31,000. CYBER HORNET ETFs LLC acquired a new stake in Teradyne during the 2nd quarter worth approximately $35,000. Hemington Wealth Management raised its holdings in Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the period. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Teradyne during the 3rd quarter worth approximately $41,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Morgan Stanley set a $306.00 price objective on shares of Teradyne in a report on Wednesday, February 11th. Citigroup upped their target price on shares of Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Northland Securities reaffirmed a “market perform” rating and set a $270.00 price objective on shares of Teradyne in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $275.53.

Teradyne Price Performance

Shares of TER stock opened at $296.46 on Wednesday. The company has a fifty day moving average price of $292.97 and a two-hundred day moving average price of $215.69. Teradyne, Inc. has a one year low of $65.77 and a one year high of $344.92. The stock has a market cap of $46.41 billion, a P/E ratio of 85.19, a P/E/G ratio of 1.71 and a beta of 1.76.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. Teradyne’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. As a group, equities research analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, February 13th. Teradyne’s payout ratio is 14.94%.

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.