Amova Asset Management Americas Inc. Has $212.69 Million Position in Teradyne, Inc. $TER

Amova Asset Management Americas Inc. lowered its holdings in Teradyne, Inc. (NASDAQ:TER) by 32.4% in the fourth quarter, Holdings Channel reports. The firm owned 1,099,833 shares of the company’s stock after selling 527,613 shares during the quarter. Teradyne comprises about 2.5% of Amova Asset Management Americas Inc.’s holdings, making the stock its 9th biggest position. Amova Asset Management Americas Inc.’s holdings in Teradyne were worth $212,686,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TER. Integrated Wealth Concepts LLC lifted its stake in Teradyne by 12.8% in the first 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 acquired a new stake in Teradyne in the first quarter valued at $297,000. Cresset Asset Management LLC lifted its stake in Teradyne by 11.6% in the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock valued at $608,000 after acquiring an additional 702 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Teradyne by 467.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after buying an additional 2,807 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Teradyne by 5.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after buying an additional 3,651 shares during the period. Institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $2,914,211.06. Following the sale, the chief executive officer directly owned 124,470 shares in the company, valued at $42,192,840.60. The trade was a 6.46% 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. In the last three months, insiders have sold 10,941 shares of company stock valued at $3,751,992. 0.19% of the stock is owned by insiders.

Teradyne Stock Down 1.5%

TER stock opened at $369.21 on Wednesday. Teradyne, Inc. has a 12 month low of $83.00 and a 12 month high of $422.11. The firm has a market cap of $57.80 billion, a P/E ratio of 68.37, a P/E/G ratio of 1.54 and a beta of 1.79. The company’s 50-day moving average price is $359.29 and its two-hundred day moving average price is $287.55.

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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 87.0% compared to the same quarter last year. Equities analysts predict that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The business also recently declared 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. This is a boost from Teradyne’s previous quarterly dividend of $0.12. 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%. Teradyne’s payout ratio is presently 9.63%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Evercore set a $370.00 target price on shares of Teradyne in a report on Thursday, April 30th. Robert W. Baird set a $350.00 target price on shares of Teradyne in a report on Thursday, April 30th. Cantor Fitzgerald lifted their target price on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. UBS Group lifted their target price on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Susquehanna lifted their target price on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.