2,362 Shares in Teradyne, Inc. $TER Bought by Waddell & Associates LLC

Waddell & Associates LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,362 shares of the company’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TER. Fox Run Management L.L.C. purchased a new stake in shares of Teradyne during the fourth quarter worth about $1,489,000. Cerity Partners LLC boosted its holdings in shares of Teradyne by 31.6% during the fourth quarter. Cerity Partners LLC now owns 459,052 shares of the company’s stock worth $88,854,000 after purchasing an additional 110,148 shares during the period. LPL Financial LLC boosted its holdings in shares of Teradyne by 4.8% during the fourth quarter. LPL Financial LLC now owns 102,454 shares of the company’s stock worth $19,831,000 after purchasing an additional 4,662 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Teradyne by 92.4% during the fourth quarter. Franklin Resources Inc. now owns 45,107 shares of the company’s stock worth $8,731,000 after purchasing an additional 21,662 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Teradyne by 35.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,986 shares of the company’s stock worth $1,933,000 after purchasing an additional 2,601 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Down 1.5%

NASDAQ:TER opened at $369.21 on Wednesday. The company’s 50 day moving average price is $359.29 and its 200-day moving average price is $287.55. Teradyne, Inc. has a 52 week low of $83.00 and a 52 week high of $422.11. The stock has a market cap of $57.80 billion, a price-to-earnings ratio of 68.37, a PEG ratio of 1.54 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its 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 company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 87.0% on a year-over-year basis. As a group, sell-side analysts anticipate 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. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is 9.63%.

Analyst Ratings Changes

A number of analysts have recently weighed in on TER shares. Cantor Fitzgerald increased their target price on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Citigroup increased their target price on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $350.00 target price on shares of Teradyne in a report on Thursday, April 30th. The Goldman Sachs Group increased their target price on shares of Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus increased their target price on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $339.80.

Insider Transactions at Teradyne

In other news, VP Ryan Driscoll sold 680 shares of the firm’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 sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction on Friday, May 15th. The shares were 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 $42,192,840.60. The trade was a 6.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,941 shares of company stock worth $3,751,992 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Teradyne 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.