Pinpoint Asset Management Singapore Pte. Ltd. Has $5.49 Million Stock Position in Teradyne, Inc. $TER

Pinpoint Asset Management Singapore Pte. Ltd. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,360 shares of the company’s stock after buying an additional 2,325 shares during the period. Teradyne makes up approximately 1.1% of Pinpoint Asset Management Singapore Pte. Ltd.’s holdings, making the stock its 18th biggest holding. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Teradyne were worth $5,489,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Teradyne during the 4th quarter worth approximately $37,000. True Wealth Design LLC raised its holdings in Teradyne by 49.6% during 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. acquired a new stake in Teradyne during the 3rd quarter worth approximately $31,000. Hazlett Burt & Watson Inc. raised its holdings in Teradyne by 92.0% during 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 raised its holdings in Teradyne by 73.6% during 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on TER. UBS Group raised 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. The Goldman Sachs Group raised their target price on shares of Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Stifel Nicolaus lifted their price objective on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the business’s 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. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president owned 7,665 shares in the company, valued at approximately $2,894,304. The trade was a 8.15% 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. Over the last three months, insiders have sold 10,941 shares of company stock worth $3,751,992. Insiders own 0.19% of the company’s stock.

Teradyne Stock Up 5.7%

NASDAQ TER 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 company has a market capitalization of $63.12 billion, a PE ratio of 74.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.79. The firm’s 50 day moving average is $364.24 and its 200-day moving average is $291.25.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data 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 for 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. As a group, sell-side analysts expect that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

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