Amanah Holdings Trust Acquires New Shares in Teradyne, Inc. $TER

Amanah Holdings Trust bought a new stake in Teradyne, Inc. (NASDAQ:TERFree Report) during the 4th quarter, Holdings Channel reports. The fund bought 110,000 shares of the company’s stock, valued at approximately $21,292,000. Teradyne makes up 3.1% of Amanah Holdings Trust’s holdings, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TER. Integrated Wealth Concepts LLC grew its position in shares of Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after buying an additional 468 shares during the period. Caxton Associates LLP bought a new stake in shares of Teradyne in the 1st quarter valued at about $297,000. Cresset Asset Management LLC raised its position in shares of Teradyne by 11.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock valued at $608,000 after acquiring an additional 702 shares during the period. NewEdge Advisors LLC raised its position in shares of Teradyne by 467.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock valued at $306,000 after acquiring an additional 2,807 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in Teradyne by 5.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after acquiring an additional 3,651 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the sale, the insider directly owned 15,722 shares of the company’s stock, valued at $5,581,310. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, the chief executive officer owned 120,470 shares in the company, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 14,941 shares of company stock worth $5,444,112. Insiders own 0.19% of the company’s stock.

Teradyne Price Performance

TER opened at $437.92 on Friday. The company has a market capitalization of $68.55 billion, a price-to-earnings ratio of 81.10, a P/E/G ratio of 1.68 and a beta of 1.79. The business’s 50-day moving average price is $372.90 and its two-hundred day moving average price is $299.04. Teradyne, Inc. has a 1 year low of $84.24 and a 1 year high of $440.75.

Teradyne (NASDAQ:TERGet Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $0.75 EPS. Teradyne’s revenue for the quarter was up 87.0% compared to the same quarter last year. Sell-side analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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

Analyst Ratings Changes

TER has been the subject of several research analyst reports. Citigroup boosted their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $387.00 price objective on Teradyne in a research note on Thursday, April 30th. UBS Group lifted their target price on Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $339.80.

Read Our Latest Research Report on TER

Key Headlines Impacting Teradyne

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Teradyne Company 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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