World Investment Advisors Sells 3,436 Shares of Teradyne, Inc. $TER

World Investment Advisors trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 48.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,726 shares of the company’s stock after selling 3,436 shares during the period. World Investment Advisors’ holdings in Teradyne were worth $1,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of Teradyne by 656.4% during the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after acquiring an additional 108,745 shares during the last quarter. Gouws Capital LLC grew its stake in shares of Teradyne by 96.0% in the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after purchasing an additional 7,505 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after purchasing an additional 882,723 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in Teradyne by 56.0% during the 4th quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock valued at $5,678,000 after purchasing an additional 10,526 shares during the period. Finally, Merit Financial Group LLC increased its holdings in Teradyne by 81.3% during the 4th quarter. Merit Financial Group LLC now owns 6,659 shares of the company’s stock valued at $1,289,000 after purchasing an additional 2,986 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Performance

Teradyne stock opened at $351.57 on Thursday. The stock’s 50 day simple moving average is $383.65 and its two-hundred day simple moving average is $320.90. The stock has a market cap of $55.03 billion, a price-to-earnings ratio of 65.11, a PEG ratio of 0.99 and a beta of 1.74. Teradyne, Inc. has a fifty-two week low of $88.60 and a fifty-two week high of $487.91.

Teradyne (NASDAQ:TER) last posted 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. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was up 87.0% on a year-over-year basis. On average, analysts predict that Teradyne, Inc. will post 7.2 earnings per share for the current year.

Teradyne Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. UBS Group boosted their target price on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group upped their target price on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a report on Monday. Susquehanna raised their price target on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. Finally, Bank of America lifted their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $390.53.

Insider Buying and Selling

In related news, insider Shannon John Poulin sold 1,008 shares of Teradyne stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares of the company’s stock, valued at $5,203,344.42. This trade represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares in the company, 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. Insiders sold a total of 14,941 shares of company stock worth $5,444,112 in the last three months. 0.19% of the stock is owned by corporate insiders.

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.