3,195 Shares in Teradyne, Inc. $TER Bought by Jag Capital Management LLC

Jag Capital Management LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,195 shares of the company’s stock, valued at approximately $618,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wellington Management Group LLP boosted its position in Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after purchasing an additional 2,022,389 shares during the last quarter. Alkeon Capital Management LLC boosted its position in Teradyne by 48.6% during the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after purchasing an additional 940,000 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after purchasing an additional 882,723 shares during the last quarter. Rafferty Asset Management LLC boosted its position in Teradyne by 65.4% during the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock valued at $194,770,000 after purchasing an additional 856,540 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Teradyne by 60.1% during the second quarter. Bank of America Corp DE now owns 2,082,945 shares of the company’s stock valued at $187,298,000 after purchasing an additional 781,517 shares during the last quarter. 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 business’s stock in a transaction on Thursday, May 7th. The shares were 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 of the company’s stock, 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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction on Friday, May 15th. The stock was 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 $42,192,840.60. This trade represents a 6.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TER. Evercore set a $370.00 price objective on Teradyne in a research report on Thursday, April 30th. The Goldman Sachs Group lifted their price objective on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $350.00 price objective on Teradyne in a research report on Thursday, April 30th. Royal Bank Of Canada set a $270.00 price target on Teradyne in a research report on Monday, February 2nd. Finally, Susquehanna boosted their price target on Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research report on Thursday, April 9th. One investment 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $321.52 on Wednesday. Teradyne, Inc. has a fifty-two week low of $75.99 and a fifty-two week high of $422.11. The business has a 50-day moving average of $337.02 and a two-hundred day moving average of $266.66. The stock has a market capitalization of $50.33 billion, a P/E ratio of 59.54, a P/E/G ratio of 1.32 and a beta of 1.79.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share 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 analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was up 87.0% compared to the same quarter last year. As a group, research analysts expect that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is presently 9.63%.

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.