Chicago Partners Investment Group LLC Acquires 2,257 Shares of Teradyne, Inc. $TER

Chicago Partners Investment Group LLC boosted its holdings in Teradyne, Inc. (NASDAQ:TER) by 38.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,144 shares of the company’s stock after purchasing an additional 2,257 shares during the period. Chicago Partners Investment Group LLC’s holdings in Teradyne were worth $2,414,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Teradyne during the 4th quarter valued at $28,000. SJS Investment Consulting Inc. boosted its holdings in shares of Teradyne by 192.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock worth $49,000 after buying an additional 108 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of Teradyne in the 1st quarter worth about $56,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne during the fourth quarter valued at about $37,000. Finally, True Wealth Design LLC grew its position in Teradyne by 49.6% during the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after buying an additional 70 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 3.6%

NASDAQ TER opened at $353.23 on Wednesday. The company has a market cap of $55.29 billion, a PE ratio of 65.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.74. Teradyne, Inc. has a 52 week low of $88.60 and a 52 week high of $487.91. The firm’s 50-day simple moving average is $384.24 and its two-hundred day simple moving average is $325.32.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share 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 the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue was up 87.0% on a year-over-year basis. As a group, equities research analysts anticipate that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

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

Insider Activity at Teradyne

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the sale, 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. The transaction was disclosed in a legal filing with the SEC, which is available at 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 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 completion of the transaction, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 14,941 shares of company stock worth $5,444,112. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Cantor Fitzgerald lifted their price objective on shares of Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Susquehanna increased their target price on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. UBS Group lifted their price target on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Citigroup upped their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One equities research 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. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $390.53.

Teradyne Company 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.