Zweig DiMenna Associates LLC Has $15.61 Million Position in Teradyne, Inc. $TER

Zweig DiMenna Associates LLC grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 10.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 80,629 shares of the company’s stock after acquiring an additional 7,300 shares during the period. Teradyne accounts for about 1.0% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 28th largest position. Zweig DiMenna Associates LLC’s holdings in Teradyne were worth $15,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Davidson Capital Management Inc. bought a new position in Teradyne in the third quarter valued at about $31,000. CYBER HORNET ETFs LLC bought a new position in Teradyne in the second quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne in the fourth quarter valued at about $37,000. KERR FINANCIAL PLANNING Corp bought a new position in Teradyne in the third quarter valued at about $41,000. Finally, True Wealth Design LLC boosted its holdings in Teradyne by 49.6% in the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total value of $232,880.00. Following the completion of the sale, the insider directly owned 15,722 shares in the company, valued at $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, VP Ryan Driscoll sold 680 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This trade represents a 8.15% 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. Insiders sold 10,941 shares of company stock worth $3,751,992 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TER. Susquehanna raised their price target on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Stifel Nicolaus raised their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday, April 30th. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Citigroup increased their target price on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Trading Down 2.2%

NASDAQ:TER opened at $374.31 on Friday. Teradyne, Inc. has a 1-year low of $77.02 and a 1-year high of $422.11. The business’s 50-day moving average price is $348.35 and its two-hundred day moving average price is $276.44. The firm has a market capitalization of $58.59 billion, a price-to-earnings ratio of 69.32, a PEG ratio of 1.57 and a beta of 1.79.

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

Teradyne Increases Dividend

The firm 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 represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio is currently 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.