Barclays PLC Purchases 383,124 Shares of Teradyne, Inc. $TER

Barclays PLC grew its position in Teradyne, Inc. (NASDAQ:TER) by 32.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,582,033 shares of the company’s stock after acquiring an additional 383,124 shares during the quarter. Barclays PLC’s holdings in Teradyne were worth $306,218,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne in the 4th quarter worth approximately $28,000. Davidson Capital Management Inc. acquired a new position in shares of Teradyne in the 3rd quarter worth approximately $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Teradyne in the 4th quarter worth approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Teradyne in the 3rd quarter worth approximately $41,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER opened at $403.20 on Monday. Teradyne, Inc. has a 52 week low of $83.00 and a 52 week high of $422.11. The firm has a market capitalization of $63.12 billion, a price-to-earnings ratio of 74.67, a PEG ratio of 1.66 and a beta of 1.79. The business’s fifty day moving average price is $364.24 and its two-hundred day moving average price is $292.13.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was up 87.0% on a year-over-year basis. As a group, research analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Susquehanna increased their target price on Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. UBS Group raised their price target on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Cantor Fitzgerald raised their price target on Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Morgan Stanley set a $387.00 price target on Teradyne in a report on Thursday, April 30th. Finally, Stifel Nicolaus raised their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at $42,192,840.60. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a document filed 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, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the transaction, the insider owned 15,066 shares in the company, valued at $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,941 shares of company stock worth $3,751,992 in the last three months. Insiders own 0.19% of the company’s stock.

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.