Teradyne, Inc. $TER Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in Teradyne, Inc. (NASDAQ:TER) by 22.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,001 shares of the company’s stock after purchasing an additional 1,651 shares during the period. Sequoia Financial Advisors LLC’s holdings in Teradyne were worth $2,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Teradyne in the 4th quarter valued at about $398,777,000. Wellington Management Group LLP grew its position in shares of Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after buying an additional 2,022,389 shares in the last quarter. Aspex Management HK Ltd purchased a new stake in shares of Teradyne during the fourth quarter worth approximately $199,723,000. Corient Private Wealth LLC increased its stake in shares of Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after buying an additional 1,028,916 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after acquiring an additional 882,723 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, June 15th. The shares were 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 of the company’s stock, valued at $50,962,424.10. The trade was a 3.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $355.00, for a total transaction of $232,880.00. Following the completion of the sale, the insider owned 15,722 shares of the company’s stock, valued at approximately $5,581,310. This trade represents a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is owned by insiders.

Teradyne Trading Up 3.6%

Shares of Teradyne stock opened at $353.23 on Wednesday. The company has a fifty day simple moving average of $384.24 and a 200-day simple moving average of $325.32. Teradyne, Inc. has a 12-month low of $88.60 and a 12-month high of $487.91. The stock has a market cap of $55.29 billion, a price-to-earnings ratio of 65.41, a PEG ratio of 0.99 and a beta of 1.74.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 29th. The company reported $2.56 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 firm 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 firm posted $0.75 EPS. The company’s revenue was up 87.0% on a year-over-year basis. On average, analysts forecast that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were paid 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 yield of 0.1%. The ex-dividend date was Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.

Analysts Set New Price Targets

TER has been the subject of a number of recent research reports. Evercore set a $370.00 price target on shares of Teradyne in a research note on Thursday, April 30th. Susquehanna increased their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Cantor Fitzgerald raised their price objective on shares of Teradyne from $400.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Robert W. Baird lifted their price objective on shares of Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.