30,000 Shares in Teradyne, Inc. $TER Bought by Ardmore Road Asset Management LP

Ardmore Road Asset Management LP acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 1st quarter, Holdings Channel.com reports. The fund acquired 30,000 shares of the company’s stock, valued at approximately $8,894,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TER. Norges Bank bought a new position in Teradyne during the 4th quarter valued at about $398,777,000. Wellington Management Group LLP lifted its stake in shares of Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after acquiring an additional 2,022,389 shares during the last quarter. Aspex Management HK Ltd purchased a new position in Teradyne during the 4th quarter valued at $199,723,000. Corient Private Wealth LLC increased its stake in Teradyne by 2,189.2% in the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after purchasing an additional 1,028,916 shares during the period. Finally, Rafferty Asset Management LLC lifted its position in shares of Teradyne by 65.4% during the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after purchasing an additional 856,540 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

NASDAQ:TER opened at $349.92 on Monday. The company has a market capitalization of $54.78 billion, a P/E ratio of 64.80, a PEG ratio of 1.01 and a beta of 1.74. Teradyne, Inc. has a 12 month low of $89.18 and a 12 month high of $487.91. The firm has a fifty day simple moving average of $382.42 and a 200-day simple moving average of $333.65.

Teradyne (NASDAQ:TER) last posted its quarterly 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 return on equity of 31.79% and a net margin of 22.55%.The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s quarterly revenue was up 87.0% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Susquehanna lifted their price objective on Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Weiss Ratings cut shares of Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Robert W. Baird upped their target price on Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group upped their price objective on Teradyne from $350.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four 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 a consensus price target of $394.53.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the transaction, the insider owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. This represents a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 14,941 shares of company stock worth $5,444,112 over the last quarter. 0.19% of the stock is currently owned by insiders.

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.