Lazard Asset Management LLC Has $246.35 Million Position in Teradyne, Inc. $TER

Lazard Asset Management LLC raised its position in Teradyne, Inc. (NASDAQ:TER) by 2.3% in the 1st quarter, Holdings Channel reports. The firm owned 830,964 shares of the company’s stock after buying an additional 18,890 shares during the period. Lazard Asset Management LLC’s holdings in Teradyne were worth $246,348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TER. Cornerstone Planning Group LLC raised its stake in Teradyne by 149.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $42,000 after buying an additional 85 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Teradyne in the fourth quarter valued at about $28,000. SJS Investment Consulting Inc. increased its holdings in shares of Teradyne by 192.9% in the first quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock worth $49,000 after acquiring an additional 108 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of Teradyne in the first quarter worth about $56,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teradyne during the fourth quarter worth about $37,000. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling

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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 dated 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 directly owned 124,470 shares in the company, valued at $42,192,840.60. This trade represents a 6.46% 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. Over the last 90 days, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TER shares. The Goldman Sachs Group lifted their price objective on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a report on Monday, July 6th. Cantor Fitzgerald raised their target price on shares of Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. UBS Group raised their target price on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Robert W. Baird upped their price target on shares of Teradyne from $350.00 to $446.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $394.53.

Teradyne Stock Performance

Shares of Teradyne stock opened at $349.92 on Monday. The business’s 50 day simple moving average is $382.42 and its 200 day simple moving average is $333.65. Teradyne, Inc. has a 52-week low of $89.18 and a 52-week high of $487.91. The firm has a market cap of $54.78 billion, a PE ratio of 64.80, a P/E/G ratio of 1.01 and a beta of 1.74.

Teradyne (NASDAQ:TER) last released 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. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The business’s revenue was up 87.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, equities research analysts predict that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a $0.13 dividend. This is a boost from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. 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.