DSM Capital Partners LLC Purchases Shares of 105,841 Teradyne, Inc. $TER

DSM Capital Partners LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 105,841 shares of the company’s stock, valued at approximately $31,377,000. Teradyne makes up 0.6% of DSM Capital Partners LLC’s holdings, making the stock its 27th biggest holding.

Several other large investors also recently made changes to their positions in TER. Integrated Wealth Concepts LLC raised its holdings in shares of Teradyne by 12.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after acquiring an additional 468 shares during the period. Caxton Associates LLP bought a new stake in Teradyne in the 1st quarter valued at $297,000. Cresset Asset Management LLC boosted its stake in Teradyne by 11.6% in the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after purchasing an additional 702 shares during the period. NewEdge Advisors LLC boosted its stake in Teradyne by 467.1% in the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after purchasing an additional 2,807 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in 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 purchasing an additional 3,651 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the transaction, the insider directly owned 15,722 shares in the company, valued at $5,581,310. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $423.03, for a total value of $1,692,120.00. Following the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. This trade represents a 3.21% decrease in their position. 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 quarter, insiders have sold 14,941 shares of company stock worth $5,444,112. Corporate insiders own 0.19% of the company’s stock.

Teradyne Trading Up 2.5%

Teradyne stock opened at $351.57 on Thursday. Teradyne, Inc. has a 1-year low of $88.60 and a 1-year high of $487.91. The company has a fifty day simple moving average of $383.65 and a 200 day simple moving average of $320.90. The company has a market cap of $55.03 billion, a P/E ratio of 65.11, a price-to-earnings-growth ratio of 0.99 and a beta of 1.74.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping 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 analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 87.0% on a year-over-year basis. On average, equities research analysts forecast that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were given a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a research note on Monday. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Morgan Stanley set a $387.00 target price on Teradyne in a research report on Thursday, April 30th. Finally, Evercore set a $370.00 target price on Teradyne in a research note on Thursday, April 30th. One equities research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $390.53.

Teradyne Company Profile

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.