Fox Run Management L.L.C. Invests $1.49 Million in Teradyne, Inc. $TER

Fox Run Management L.L.C. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, Holdings Channel reports. The fund bought 7,694 shares of the company’s stock, valued at approximately $1,489,000.

Other hedge funds have also made changes to their positions in the company. Davidson Capital Management Inc. acquired a new stake in shares of Teradyne during the third quarter worth about $31,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne during the second quarter worth about $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teradyne during the fourth quarter worth about $37,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Teradyne during the third quarter worth about $41,000. Finally, True Wealth Design LLC lifted its position in Teradyne by 49.6% in the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of the 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 completion of the transaction, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly 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 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 10,941 shares of company stock valued at $3,751,992. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Up 4.7%

Shares of NASDAQ:TER opened at $374.69 on Tuesday. The company has a market cap of $58.65 billion, a P/E ratio of 69.39, a PEG ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a 52 week low of $83.00 and a 52 week high of $422.11. The company has a 50-day moving average price of $357.82 and a 200 day moving average price of $286.13.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. Analysts expect that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The business also recently announced 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 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s dividend payout ratio is 9.63%.

Analyst Ratings Changes

TER has been the subject of a number of recent analyst reports. Morgan Stanley set a $387.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. The Goldman Sachs Group raised their price objective on shares of Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore set a $370.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. Susquehanna raised their price objective on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research report on Thursday, April 9th. Finally, Stifel Nicolaus raised their price objective on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.