Teradyne, Inc. $TER Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its position in Teradyne, Inc. (NASDAQ:TER) by 13.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,191 shares of the company’s stock after selling 1,276 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Teradyne were worth $2,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Teradyne during the fourth quarter valued at approximately $28,000. Davidson Capital Management Inc. acquired a new position in Teradyne in the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC purchased a new position in shares of Teradyne during the 2nd quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Teradyne during the 4th quarter worth $37,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Teradyne during the third quarter worth $41,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $437.92 on Monday. Teradyne, Inc. has a 1 year low of $84.24 and a 1 year high of $440.75. The stock has a market capitalization of $68.55 billion, a P/E ratio of 81.10, a PEG ratio of 1.80 and a beta of 1.79. The stock has a 50-day simple moving average of $374.49 and a 200-day simple moving average of $300.85.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. The firm 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%. Teradyne’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. Analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current 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 paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 21st. 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. Teradyne’s payout ratio is 9.63%.

Insider Activity

In related 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 transaction of $256,768.00. Following the transaction, the vice president owned 7,665 shares in the company, valued at approximately $2,894,304. The trade was a 8.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 company’s stock in a transaction on 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 of the company’s stock, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 14,941 shares of company stock valued at $5,444,112. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on TER shares. UBS Group raised their price target on Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. 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 report on Tuesday, April 28th. Robert W. Baird set a $350.00 target price on shares of Teradyne in a report on Thursday, April 30th. Citigroup increased their price target on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Evercore set a $370.00 price objective on shares of Teradyne in a research note 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

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.