Dai ichi Life Insurance Company Ltd Sells 1,470 Shares of Teradyne, Inc. $TER

Dai ichi Life Insurance Company Ltd cut its holdings in Teradyne, Inc. (NASDAQ:TER) by 19.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,158 shares of the company’s stock after selling 1,470 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Teradyne were worth $1,826,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Teradyne during the fourth quarter valued at $28,000. CYBER HORNET ETFs LLC bought a new stake in shares of Teradyne in the 2nd quarter worth about $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Teradyne in the 4th quarter worth about $37,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Teradyne during the 4th quarter valued at about $41,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Teradyne by 149.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $42,000 after buying an additional 85 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of TER opened at $349.92 on Monday. The firm has a market capitalization of $54.78 billion, a price-to-earnings ratio of 64.80, a PEG ratio of 1.01 and a beta of 1.74. Teradyne, Inc. has a 1-year low of $89.18 and a 1-year high of $487.91. The company has a 50-day moving average of $382.42 and a 200 day moving average of $333.65.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.Teradyne’s quarterly revenue was up 87.0% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. On average, equities analysts anticipate 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 issued a $0.13 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Insider Transactions at Teradyne

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the transaction, the insider directly owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, VP Ryan Driscoll sold 680 shares of the company’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 transaction, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. 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. Insiders have sold a total of 14,941 shares of company stock valued at $5,444,112 in the last 90 days. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald boosted their price objective on Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Weiss Ratings downgraded Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Morgan Stanley set a $387.00 price objective on Teradyne in a research note on Thursday, April 30th. Finally, UBS Group lifted their target price on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average price target of $394.53.

About Teradyne

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.