33,517 Shares in Teradyne, Inc. $TER Bought by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management purchased a new position in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, Holdings Channel reports. The firm purchased 33,517 shares of the company’s stock, valued at approximately $6,488,000.

Several other large investors have also bought and sold shares of TER. Davidson Capital Management Inc. acquired a new stake in Teradyne in the third quarter valued at about $31,000. CYBER HORNET ETFs LLC acquired a new stake in Teradyne in the second quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Teradyne in the fourth quarter valued at about $37,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Teradyne in the third quarter valued at about $41,000. Finally, True Wealth Design LLC boosted its stake 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 buying an additional 70 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In other news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was 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 in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,941 shares of company stock worth $3,751,992 over the last ninety days. 0.19% of the stock is owned by insiders.

Teradyne Trading Up 5.7%

Shares of TER stock opened at $403.20 on Friday. Teradyne, Inc. has a 12 month low of $83.00 and a 12 month high of $422.11. The firm has a market capitalization of $63.12 billion, a price-to-earnings ratio of 74.67, a PEG ratio of 1.57 and a beta of 1.79. The business’s 50-day moving average price is $364.24 and its 200-day moving average price is $291.25.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.75 earnings per share. The firm’s revenue was up 87.0% compared to the same quarter last year. On average, sell-side analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 21st. Teradyne’s dividend payout ratio is 9.63%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TER shares. The Goldman Sachs Group raised their price objective on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Morgan Stanley set a $387.00 price target on Teradyne in a research note on Thursday, April 30th. Stifel Nicolaus lifted their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Susquehanna lifted their price target on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. One equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.