1,538 Shares in Teradyne, Inc. $TER Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. acquired a new position in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,538 shares of the company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne in the 4th quarter worth approximately $37,000. True Wealth Design LLC boosted its holdings in Teradyne by 49.6% in the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after buying an additional 70 shares during the period. Davidson Capital Management Inc. bought a new position in Teradyne in the 3rd quarter worth approximately $31,000. Hazlett Burt & Watson Inc. boosted its holdings in Teradyne by 92.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 240 shares of the company’s stock worth $46,000 after buying an additional 115 shares during the period. Finally, Activest Wealth Management boosted its holdings in Teradyne by 73.6% in the 4th quarter. Activest Wealth Management now owns 243 shares of the company’s stock worth $47,000 after buying an additional 103 shares during the period. 99.77% of the stock is owned by institutional investors.

Teradyne Stock Performance

Teradyne stock opened at $406.86 on Friday. The firm’s fifty day moving average price is $355.58 and its 200-day moving average price is $283.30. The stock has a market cap of $63.69 billion, a P/E ratio of 75.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $422.11.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. On average, analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

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

Insider Activity at Teradyne

In related news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the transaction, the insider owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following 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 position. 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 90 days, insiders have sold 10,941 shares of company stock valued at $3,751,992. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird set a $350.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Susquehanna increased their target price on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research note on Thursday, April 9th. Citigroup increased their target price on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $339.80.

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.