Corient Private Wealth LLC Boosts Stock Holdings in Teradyne, Inc. $TER

Corient Private Wealth LLC raised its stake in Teradyne, Inc. (NASDAQ:TER) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,100 shares of the company’s stock after acquiring an additional 7,100 shares during the period. Corient Private Wealth LLC’s holdings in Teradyne were worth $10,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TER. Caitong International Asset Management Co. Ltd purchased a new position in shares of Teradyne during the fourth quarter valued at about $28,000. Davidson Capital Management Inc. purchased a new stake in shares of Teradyne in the third quarter worth about $31,000. CYBER HORNET ETFs LLC bought a new position in Teradyne during the second quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne during the fourth quarter valued at approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Teradyne during the 3rd quarter valued at approximately $41,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ TER opened at $425.69 on Thursday. Teradyne, Inc. has a 1-year low of $88.60 and a 1-year high of $459.19. The business’s 50 day moving average is $378.50 and its two-hundred day moving average is $305.92. The stock has a market capitalization of $66.64 billion, a P/E ratio of 78.83, a PEG ratio of 1.73 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter was up 87.0% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. As a group, equities research analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s 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 transaction, the chief executive officer owned 120,470 shares in the company, valued at $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the 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 completion of the sale, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. This represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,941 shares of company stock worth $5,444,112 over the last three months. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. UBS Group increased their target price on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Cantor Fitzgerald raised their target price on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Citigroup boosted their price target on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Stifel Nicolaus upped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $363.87.

Teradyne 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.