Handelsbanken Fonder AB Grows Stock Holdings in Teradyne, Inc. $TER

Handelsbanken Fonder AB raised its position in Teradyne, Inc. (NASDAQ:TER) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,269 shares of the company’s stock after acquiring an additional 42,577 shares during the quarter. Handelsbanken Fonder AB’s holdings in Teradyne were worth $49,603,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Teradyne in the fourth quarter valued at about $37,000. True Wealth Design LLC increased its position in shares of Teradyne by 49.6% during the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after buying an additional 70 shares during the period. Root Financial Partners LLC purchased a new position in shares of Teradyne during the third quarter valued at about $31,000. Davidson Capital Management Inc. purchased a new position in shares of Teradyne during the third quarter valued at about $31,000. Finally, Activest Wealth Management increased its position in shares of Teradyne by 73.6% during the fourth quarter. Activest Wealth Management now owns 243 shares of the company’s stock valued at $47,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TER shares. UBS Group boosted their price target on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Cantor Fitzgerald boosted their price target on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Morgan Stanley set a $387.00 price target on shares of Teradyne in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada set a $270.00 price target on shares of Teradyne in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $339.80.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the sale, the chief executive officer 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 document filed with the Securities & Exchange Commission, which can be accessed 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 company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares in the company, 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. 0.19% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

Shares of TER opened at $321.52 on Wednesday. The stock has a market cap of $50.33 billion, a PE ratio of 59.54, a price-to-earnings-growth ratio of 1.32 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $75.99 and a fifty-two week high of $422.11. The firm’s 50-day simple moving average is $337.02 and its two-hundred day simple moving average is $266.66.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s revenue was up 87.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. Equities research analysts predict that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio is currently 9.63%.

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.