Black Swift Group LLC Invests $8.28 Million in Teradyne, Inc. $TER

Black Swift Group LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 42,750 shares of the company’s stock, valued at approximately $8,275,000. Teradyne accounts for about 1.4% of Black Swift Group LLC’s portfolio, making the stock its 23rd largest position.

Several other large investors have also modified their holdings of TER. Rothschild Wealth LLC acquired a new stake in Teradyne during the 4th quarter worth approximately $277,000. Hazlett Burt & Watson Inc. increased its position in Teradyne by 92.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 240 shares of the company’s stock worth $46,000 after purchasing an additional 115 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Teradyne by 16.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 72,299 shares of the company’s stock worth $13,994,000 after purchasing an additional 10,224 shares in the last quarter. Essex Financial Services Inc. increased its position in Teradyne by 20.6% during the 4th quarter. Essex Financial Services Inc. now owns 2,080 shares of the company’s stock worth $403,000 after purchasing an additional 355 shares in the last quarter. Finally, MUFG Securities EMEA plc increased its position in Teradyne by 3,394.9% during the 4th quarter. MUFG Securities EMEA plc now owns 106,420 shares of the company’s stock worth $20,599,000 after purchasing an additional 103,375 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Evercore set a $370.00 target price on shares of Teradyne in a research report on Thursday, April 30th. Northland Securities reissued a “market perform” rating and set a $270.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. 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 report on Thursday, April 30th. Finally, Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. One equities research 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $339.80.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $374.31 on Monday. Teradyne, Inc. has a 52-week low of $77.02 and a 52-week high of $422.11. The company has a 50 day moving average of $348.35 and a two-hundred day moving average of $277.09. The company has a market capitalization of $58.59 billion, a price-to-earnings ratio of 69.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.75 earnings per share. Teradyne’s revenue for the quarter was up 87.0% on a year-over-year basis. On average, equities analysts anticipate 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 $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s dividend payout ratio is 9.63%.

Insider Activity

In other news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares in the company, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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, VP Ryan Driscoll sold 680 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 10,941 shares of company stock worth $3,751,992. 0.19% of the stock is currently 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.