Maridea Wealth Management LLC Takes Position in Teradyne, Inc. $TER

Maridea Wealth Management LLC acquired a new position in Teradyne, Inc. (NASDAQ:TERFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,293 shares of the company’s stock, valued at approximately $383,000.

A number of other hedge funds have also recently made changes to their positions in TER. State Street Corp grew its stake in shares of Teradyne by 0.9% in the fourth quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after buying an additional 60,986 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Teradyne by 6.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock worth $723,600,000 after acquiring an additional 336,757 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Teradyne by 18.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock worth $813,640,000 after acquiring an additional 659,273 shares in the last quarter. Invesco Ltd. boosted its holdings in Teradyne by 3.5% during the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after acquiring an additional 99,864 shares during the period. Finally, Alkeon Capital Management LLC grew its position in Teradyne by 48.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after acquiring an additional 940,000 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the sale, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 business’s stock in a transaction on Thursday, May 7th. The stock was 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 of the company’s stock, valued at approximately $2,894,304. The trade was a 8.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TER. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Susquehanna lifted their price objective on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Morgan Stanley set a $387.00 target price on shares of Teradyne in a research note on Thursday, April 30th. 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. Finally, Bank of America boosted their price target on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $363.87.

Check Out Our Latest Research Report on TER

Teradyne Stock Performance

Shares of TER opened at $436.86 on Monday. Teradyne, Inc. has a 1 year low of $88.60 and a 1 year high of $472.37. The stock has a market capitalization of $68.39 billion, a PE ratio of 80.90, a PEG ratio of 1.26 and a beta of 1.79. The stock has a 50-day simple moving average of $382.07 and a 200-day simple moving average of $309.48.

Teradyne (NASDAQ:TERGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. Analysts predict that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

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.

Further Reading

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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