Rothschild Wealth LLC Makes New $277,000 Investment in Teradyne, Inc. $TER

Rothschild Wealth LLC acquired a new position in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,429 shares of the company’s stock, valued at approximately $277,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Teradyne by 2.1% in the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock worth $2,947,935,000 after purchasing an additional 444,940 shares during the last quarter. State Street Corp lifted its stake in Teradyne by 0.3% in the third quarter. State Street Corp now owns 7,017,649 shares of the company’s stock worth $965,909,000 after purchasing an additional 24,154 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Teradyne by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock worth $723,600,000 after purchasing an additional 336,757 shares during the last quarter. Invesco Ltd. lifted its stake in Teradyne by 3.5% in the third quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock worth $407,322,000 after purchasing an additional 99,864 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its stake in Teradyne by 48.6% in the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock worth $395,427,000 after purchasing an additional 940,000 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the subject of several analyst reports. Citigroup raised their price objective on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a research note on Thursday, April 30th. Robert W. Baird set a $350.00 price target on shares of Teradyne in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group lifted their price target on shares of Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One 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’s stock. Based on data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Stock Up 6.3%

Shares of NASDAQ:TER opened at $392.62 on Wednesday. The company has a market capitalization of $61.46 billion, a price-to-earnings ratio of 72.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.79. Teradyne, Inc. has a 52 week low of $78.41 and a 52 week high of $422.11. The firm has a 50 day moving average of $349.70 and a 200 day moving average of $278.44.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up 87.0% on a year-over-year basis. On average, sell-side analysts expect that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be issued a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, May 21st. Teradyne’s dividend payout ratio is presently 9.63%.

Insiders Place Their Bets

In other Teradyne news, VP Ryan Driscoll sold 680 shares of Teradyne 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 transaction, the vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares in the company, valued at $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 10,941 shares of company stock valued at $3,751,992. 0.19% of the stock is currently owned by insiders.

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.