Aigen Investment Management LP Buys New Stake in Teradyne, Inc. $TER

Aigen Investment Management LP acquired a new position in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,639 shares of the company’s stock, valued at approximately $704,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TER. Caitong International Asset Management Co. Ltd bought a new stake in Teradyne during the fourth quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Teradyne during the fourth quarter worth approximately $37,000. True Wealth Design LLC increased its stake in Teradyne by 49.6% during the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after acquiring an additional 70 shares during the last quarter. Davidson Capital Management Inc. bought a new stake in Teradyne during the third quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. increased its stake in Teradyne by 92.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 240 shares of the company’s stock worth $46,000 after acquiring an additional 115 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

TER stock opened at $403.20 on Monday. The firm’s fifty day simple moving average is $364.24 and its 200-day simple moving average is $292.13. The company has a market capitalization of $63.12 billion, a P/E ratio of 74.67, a price-to-earnings-growth ratio of 1.66 and a beta of 1.79. Teradyne, Inc. has a 12 month low of $83.00 and a 12 month high of $422.11.

Teradyne (NASDAQ:TER) last posted its earnings results 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 firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business posted $0.75 EPS. The business’s revenue was up 87.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.

Insider Activity

In other news, VP Ryan Driscoll sold 680 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the sale, the chief executive officer owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,941 shares of company stock worth $3,751,992 over the last three months. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TER shares. Morgan Stanley set a $387.00 price target on shares of Teradyne in a research note on Thursday, April 30th. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a report on Thursday, April 30th. Citigroup lifted their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Cantor Fitzgerald lifted their price objective on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Finally, UBS Group lifted their price objective on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. One 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $339.80.

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.