Tobam Invests $438,000 in Teradyne, Inc. $TER

Tobam bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,262 shares of the company’s stock, valued at approximately $438,000.

A number of other large investors also recently made changes to their positions in TER. Caitong International Asset Management Co. Ltd bought a new stake in Teradyne in the 4th quarter valued at $28,000. Davidson Capital Management Inc. bought a new position in Teradyne during the 3rd quarter worth $31,000. CYBER HORNET ETFs LLC bought a new position in Teradyne during the 2nd quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne during the 4th quarter worth $37,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Teradyne during the third quarter worth $41,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

TER stock opened at $437.92 on Friday. The company has a market cap of $68.55 billion, a PE ratio of 81.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.79. The business has a 50-day simple moving average of $374.49 and a 200 day simple moving average of $300.01. Teradyne, Inc. has a 52 week low of $84.24 and a 52 week high of $440.75.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was up 87.0% on a year-over-year basis. On average, analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

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

Insider Buying and Selling

In related news, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total value of $232,880.00. Following the transaction, the insider directly owned 15,722 shares of the company’s stock, valued at $5,581,310. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal 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, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction 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 represents a 8.15% 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. In the last 90 days, insiders have sold 14,941 shares of company stock worth $5,444,112. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TER. 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. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald raised their target price on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Teradyne Profile

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.