Amova Asset Management Americas Inc. Sells 544,236 Shares of Teradyne, Inc. $TER

Amova Asset Management Americas Inc. cut its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 49.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 555,597 shares of the company’s stock after selling 544,236 shares during the period. Teradyne makes up approximately 2.3% of Amova Asset Management Americas Inc.’s investment portfolio, making the stock its 13th largest holding. Amova Asset Management Americas Inc.’s holdings in Teradyne were worth $164,629,000 as of its most recent SEC filing.

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

Teradyne Stock Up 3.5%

NASDAQ TER opened at $333.76 on Tuesday. The firm’s 50 day moving average is $381.40 and its 200-day moving average is $329.05. The company has a market capitalization of $52.25 billion, a PE ratio of 61.81, a price-to-earnings-growth ratio of 0.93 and a beta of 1.74. Teradyne, Inc. has a 12-month low of $89.18 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $0.75 EPS. The company’s revenue was up 87.0% compared to the same quarter last year. As a group, sell-side analysts expect that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, May 21st. This is a boost from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is currently 9.63%.

Insider Activity at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the transaction, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction that occurred 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. 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. Over the last ninety days, insiders sold 14,941 shares of company stock valued at $5,444,112. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TER. Bank of America increased their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Evercore set a $370.00 price target on shares of Teradyne in a report on Thursday, April 30th. Susquehanna upped their price objective 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. UBS Group raised their price objective on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Cantor Fitzgerald lifted their target price on Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average price target of $394.53.

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.