Andra AP fonden Sells 180,924 Shares of Teradyne, Inc. $TER

Andra AP fonden cut its stake in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 46.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 209,700 shares of the company’s stock after selling 180,924 shares during the period. Andra AP fonden’s holdings in Teradyne were worth $40,590,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Davidson Capital Management Inc. bought a new position in Teradyne during the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC bought a new position in Teradyne during the 2nd quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne during the 4th quarter valued at $37,000. KERR FINANCIAL PLANNING Corp bought a new position in Teradyne during the 3rd quarter valued at $41,000. Finally, True Wealth Design LLC lifted its stake in Teradyne by 49.6% during the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after acquiring an additional 70 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% 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 over the last ninety days. Company insiders own 0.19% of the company’s stock.

Teradyne Stock Up 9.7%

Shares of TER opened at $381.40 on Friday. The business’s 50-day moving average price is $362.42 and its 200-day moving average price is $290.46. Teradyne, Inc. has a twelve month low of $83.00 and a twelve month high of $422.11. The stock has a market cap of $59.70 billion, a PE ratio of 70.63, a P/E/G ratio of 1.43 and a beta of 1.79.

Teradyne (NASDAQ:TERGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted $0.75 earnings per share. The company’s revenue was up 87.0% on a year-over-year basis. Analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.13 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TER. Robert W. Baird set a $350.00 target price on Teradyne in a research report on Thursday, April 30th. Evercore set a $370.00 target price on Teradyne in a research report on Thursday, April 30th. Citigroup raised their target price on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Susquehanna raised their target price on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research report on Thursday, April 9th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $339.80.

View Our Latest Research Report on TER

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Teradyne Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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