Teradyne, Inc. $TER Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its stake in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,559 shares of the company’s stock after purchasing an additional 1,398 shares during the quarter. Inspire Investing LLC’s holdings in Teradyne were worth $3,205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Investment Management Corp of Ontario raised its holdings in Teradyne by 84.2% during the fourth quarter. Investment Management Corp of Ontario now owns 13,865 shares of the company’s stock worth $2,684,000 after purchasing an additional 6,339 shares in the last quarter. Gotham Asset Management LLC raised its holdings in Teradyne by 2.3% during the fourth quarter. Gotham Asset Management LLC now owns 142,511 shares of the company’s stock worth $27,584,000 after purchasing an additional 3,196 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in Teradyne during the fourth quarter worth approximately $744,000. Engineers Gate Manager LP raised its holdings in Teradyne by 62.5% during the fourth quarter. Engineers Gate Manager LP now owns 87,450 shares of the company’s stock worth $16,927,000 after purchasing an additional 33,631 shares in the last quarter. Finally, Evergreen Quality Fund GP Ltd. acquired a new stake in Teradyne during the fourth quarter worth approximately $18,988,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne News Roundup

Here are the key news stories impacting Teradyne this week:

Insider Transactions at Teradyne

In other news, 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 transaction, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. This trade represents a 6.27% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 14,941 shares of company stock worth $5,444,112. Insiders own 0.19% of the company’s stock.

Teradyne Trading Down 0.2%

Shares of TER opened at $408.56 on Thursday. The firm has a market cap of $63.96 billion, a PE ratio of 75.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79. The company’s 50 day simple moving average is $370.55 and its 200-day simple moving average is $297.23. Teradyne, Inc. has a 12-month low of $84.24 and a 12-month high of $440.75.

Teradyne (NASDAQ:TERGet Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The business 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 company’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. As a group, equities research analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TER. UBS Group raised their price objective on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Citigroup raised their price objective on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group raised their price objective on shares of Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Susquehanna raised their price objective on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. Finally, Robert W. Baird set a $350.00 price objective on shares of Teradyne in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Check Out Our Latest Stock Analysis on TER

Teradyne Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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