Talos Eurisko Asset Management LP Sells 39,300 Shares of Teradyne, Inc. $TER

Talos Eurisko Asset Management LP decreased its position in Teradyne, Inc. (NASDAQ:TER) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,200 shares of the company’s stock after selling 39,300 shares during the quarter. Teradyne makes up approximately 3.2% of Talos Eurisko Asset Management LP’s portfolio, making the stock its 14th largest position. Talos Eurisko Asset Management LP’s holdings in Teradyne were worth $18,233,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in shares of Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after acquiring an additional 468 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Teradyne in the first quarter valued at approximately $297,000. Cresset Asset Management LLC grew its holdings in shares of Teradyne by 11.6% in the second quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock valued at $608,000 after acquiring an additional 702 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Teradyne by 467.1% in the second quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock valued at $306,000 after acquiring an additional 2,807 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Teradyne by 5.1% in the second quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock valued at $6,755,000 after acquiring an additional 3,651 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

TER stock opened at $432.41 on Tuesday. The firm has a 50 day moving average price of $366.69 and a 200-day moving average price of $294.00. Teradyne, Inc. has a 52-week low of $84.12 and a 52-week high of $437.77. The firm has a market capitalization of $67.69 billion, a price-to-earnings ratio of 80.08, a PEG ratio of 1.66 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 (EPS) for the quarter, beating 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business earned $0.75 earnings per share. The business’s revenue was up 87.0% on a year-over-year basis. As a group, sell-side analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were given a dividend of $0.13 per share. 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 of this dividend was Thursday, May 21st. Teradyne’s payout ratio is 9.63%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the firm’s 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 $2,894,304. This trade represents a 8.15% decrease in their position. 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. Insiders sold 10,941 shares of company stock valued at $3,751,992 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore set a $370.00 target price on Teradyne in a report on Thursday, April 30th. Citigroup upped their target price on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. UBS Group upped their target price on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Susquehanna upped their target price on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $339.80.

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.