Maridea Wealth Management LLC Purchases New Holdings in Teradyne, Inc. $TER

Maridea Wealth Management LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TERFree Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,293 shares of the company’s stock, valued at approximately $383,000.

A number of other hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Teradyne in the fourth quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Teradyne in the 4th quarter valued at $37,000. True Wealth Design LLC lifted its holdings in Teradyne by 49.6% in the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after purchasing an additional 70 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Teradyne during the 4th quarter worth $41,000. Finally, DV Equities LLC purchased a new stake in shares of Teradyne during the fourth quarter worth $42,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the topic of several research reports. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Stifel Nicolaus upped their price objective on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Susquehanna increased their price objective on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Citigroup raised their target price on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald upped their price target on Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $363.87.

View Our Latest Stock Analysis on TER

Insider Activity

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of Teradyne stock in a transaction 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 completion of the sale, the insider owned 15,722 shares in the company, valued at $5,581,310. This represents a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is currently owned by company insiders.

Trending Headlines about Teradyne

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Teradyne Stock Performance

Shares of TER opened at $436.86 on Monday. Teradyne, Inc. has a 12-month low of $88.60 and a 12-month high of $472.37. The firm has a 50-day moving average price of $382.07 and a 200 day moving average price of $309.48. The firm has a market capitalization of $68.39 billion, a P/E ratio of 80.90, a P/E/G ratio of 1.26 and a beta of 1.79.

Teradyne (NASDAQ:TERGet Free Report) last released its quarterly earnings data 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 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 last year, the business earned $0.75 earnings per share. Teradyne’s revenue was up 87.0% compared to the same quarter last year. Equities research analysts predict that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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

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.

Further Reading

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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