Teradyne, Inc. $TER Shares Sold by XXEC Inc.

XXEC Inc. lessened its position in Teradyne, Inc. (NASDAQ:TER) by 58.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,397 shares of the company’s stock after selling 36,792 shares during the quarter. Teradyne accounts for approximately 5.0% of XXEC Inc.’s portfolio, making the stock its 10th biggest position. XXEC Inc.’s holdings in Teradyne were worth $5,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pure Financial Advisors LLC purchased a new stake in Teradyne during the 4th quarter worth approximately $224,000. Reflection Asset Management purchased a new stake in Teradyne during the 4th quarter worth about $54,000. Tobam acquired a new position in shares of Teradyne during the 4th quarter worth about $438,000. Wick Capital Partners LLC acquired a new position in shares of Teradyne during the 4th quarter worth about $220,000. Finally, Anchor Investment Management LLC increased its holdings in shares of Teradyne by 10.6% in the 4th quarter. Anchor Investment Management LLC now owns 782 shares of the company’s stock valued at $151,000 after acquiring an additional 75 shares during the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on TER shares. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Stifel Nicolaus upped their price objective on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a report on Thursday, April 30th. Finally, Citigroup boosted 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. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $437.92 on Friday. Teradyne, Inc. has a 52-week low of $84.24 and a 52-week high of $440.75. The stock’s fifty day simple moving average is $374.49 and its 200-day simple moving average is $300.01. The company has a market capitalization of $68.55 billion, a P/E ratio of 81.10, a P/E/G ratio of 1.80 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $0.75 EPS. Teradyne’s revenue was up 87.0% on a year-over-year basis. On average, sell-side analysts anticipate 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. Investors of record on Thursday, May 21st were paid a $0.13 dividend. The ex-dividend date was Thursday, May 21st. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. Teradyne’s payout ratio is currently 9.63%.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is owned by company insiders.

About Teradyne

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.