Teradyne, Inc. $TER Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 11.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 684,578 shares of the company’s stock after selling 90,885 shares during the quarter. William Blair Investment Management LLC’s holdings in Teradyne were worth $132,507,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Prospera Financial Services Inc boosted its position in shares of Teradyne by 320.2% in the 4th quarter. Prospera Financial Services Inc now owns 16,686 shares of the company’s stock worth $3,230,000 after purchasing an additional 12,715 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Teradyne in the 4th quarter worth $371,000. EverSource Wealth Advisors LLC boosted its position in shares of Teradyne by 22.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,756 shares of the company’s stock worth $727,000 after purchasing an additional 697 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Teradyne in the 4th quarter worth $23,808,000. Finally, Evoke Wealth LLC acquired a new stake in shares of Teradyne in the 4th quarter worth $318,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

TER has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada set a $270.00 price objective on Teradyne in a research report on Monday, February 2nd. Robert W. Baird set a $350.00 price objective on Teradyne in a research report on Thursday, April 30th. Cantor Fitzgerald raised their price objective on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One investment 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 company currently has an average rating of “Moderate Buy” and an average target price of $339.80.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 124,470 shares in the company, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president owned 7,665 shares of the company’s stock, valued at $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. Company insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

NASDAQ TER opened at $358.44 on Friday. The stock has a 50-day simple moving average of $340.16 and a two-hundred day simple moving average of $269.68. The firm has a market capitalization of $56.11 billion, a P/E ratio of 66.38, a PEG ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $75.99 and a fifty-two week high of $422.11.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company’s revenue was up 87.0% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. As a group, analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, May 21st. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is 9.63%.

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.