Mediolanum International Funds Ltd Has $9.90 Million Stock Position in Teradyne, Inc. $TER

Mediolanum International Funds Ltd lowered its position in Teradyne, Inc. (NASDAQ:TER) by 81.6% during the 1st quarter, Holdings Channel reports. The fund owned 35,816 shares of the company’s stock after selling 158,857 shares during the period. Mediolanum International Funds Ltd’s holdings in Teradyne were worth $9,898,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TER. Caitong International Asset Management Co. Ltd acquired a new position in shares of Teradyne during the fourth quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Teradyne in the 2nd quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne in the 4th quarter worth $37,000. True Wealth Design LLC grew its position in Teradyne by 49.6% in the 4th 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. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in Teradyne in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Activity

In related news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the transaction, the vice president directly 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 656 shares of the stock in a transaction on Friday, May 22nd. The shares were 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 approximately $5,581,310. This represents a 4.01% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Robert W. Baird lifted their price objective on shares of Teradyne from $350.00 to $446.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Citigroup boosted their target price on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 target price on shares of Teradyne in a report on Thursday, April 30th. Finally, Bank of America raised their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $390.53.

Teradyne Stock Performance

Shares of TER opened at $322.36 on Monday. The company has a market capitalization of $50.46 billion, a price-to-earnings ratio of 59.70, a PEG ratio of 0.93 and a beta of 1.74. Teradyne, Inc. has a 12 month low of $89.18 and a 12 month high of $487.91. The stock has a 50 day moving average of $382.06 and a 200 day moving average of $328.08.

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

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a dividend of $0.13 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s dividend payout ratio is 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.