Teradyne, Inc. $TER Shares Sold by AIA Group Ltd

AIA Group Ltd cut its stake in Teradyne, Inc. (NASDAQ:TER) by 35.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,053 shares of the company’s stock after selling 2,805 shares during the quarter. AIA Group Ltd’s holdings in Teradyne were worth $1,498,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in Teradyne by 1.8% in the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after purchasing an additional 40 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Teradyne by 1.2% during the fourth quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after buying an additional 41 shares in the last quarter. Sapient Capital LLC raised its position in shares of Teradyne by 1.5% in the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after buying an additional 43 shares during the last quarter. Whittier Trust Co. raised its position in shares of Teradyne by 5.5% in the first quarter. Whittier Trust Co. now owns 827 shares of the company’s stock valued at $261,000 after buying an additional 43 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in shares of Teradyne by 3.8% in the fourth quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock worth $279,000 after buying an additional 53 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the 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 completion of the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $256,768.00. Following the sale, the vice president directly owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over 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 Trading Up 3.5%

Teradyne stock opened at $333.76 on Tuesday. The company has a 50-day moving average price of $381.40 and a 200 day moving average price of $329.05. Teradyne, Inc. has a 12-month low of $89.18 and a 12-month high of $487.91. The stock has a market cap of $52.25 billion, a P/E ratio of 61.81, a PEG ratio of 0.93 and a beta of 1.74.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share 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 company 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 posted $0.75 EPS. Teradyne’s revenue was up 87.0% on a year-over-year basis. As a group, analysts forecast 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. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, May 21st. Teradyne’s payout ratio is currently 9.63%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Susquehanna boosted their price target on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 30th. Bank of America raised their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Citigroup boosted their target price on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus upped their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.