Storgate LLC Buys Shares of 1,938 Teradyne, Inc. $TER

Storgate LLC bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,938 shares of the company’s stock, valued at approximately $375,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Teradyne by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after buying an additional 444,940 shares during the period. State Street Corp increased its holdings in Teradyne by 0.3% in the 3rd quarter. State Street Corp now owns 7,017,649 shares of the company’s stock valued at $965,909,000 after buying an additional 24,154 shares during the period. Ameriprise Financial Inc. increased its holdings in Teradyne by 6.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock valued at $723,600,000 after buying an additional 336,757 shares during the period. Invesco Ltd. increased its holdings in Teradyne by 3.5% in the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after buying an additional 99,864 shares during the period. Finally, Alkeon Capital Management LLC increased its holdings in Teradyne by 48.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after buying an additional 940,000 shares during the period. 99.77% of the stock is owned by institutional investors.

Teradyne Trading Up 5.7%

Shares of Teradyne stock opened at $403.20 on Friday. The firm has a market capitalization of $63.12 billion, a PE ratio of 74.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.79. The firm’s 50 day moving average is $364.24 and its 200 day moving average is $291.25. Teradyne, Inc. has a 1 year low of $83.00 and a 1 year high of $422.11.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm’s revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. As a group, research analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a dividend of $0.13 per share. This is a boost from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s payout ratio is presently 9.63%.

Insider Activity at Teradyne

In related news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed 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 Teradyne stock in a transaction that occurred 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 sale, the chief executive officer owned 124,470 shares in the company, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 10,941 shares of company stock valued at $3,751,992. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on TER. Stifel Nicolaus raised their target price on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. UBS Group raised their target price on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Citigroup raised their target price on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Evercore set a $370.00 target price on shares of Teradyne in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $339.80.

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.