Childress Capital Advisors LLC Sells 5,271 Shares of Teradyne, Inc. $TER

Childress Capital Advisors LLC lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 86.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 834 shares of the company’s stock after selling 5,271 shares during the quarter. Childress Capital Advisors LLC’s holdings in Teradyne were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Teradyne during the 4th quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new position in Teradyne during the second quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne during the fourth quarter worth $37,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Teradyne in the third quarter valued at $41,000. Finally, True Wealth Design LLC increased its holdings in shares of Teradyne by 49.6% in the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TER shares. Evercore set a $370.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Susquehanna increased their price target on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Cantor Fitzgerald raised their price objective on shares of Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, The Goldman Sachs Group boosted their price objective on Teradyne from $350.00 to $465.00 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $390.53.

Read Our Latest Stock Report on Teradyne

Teradyne Stock Up 3.2%

NASDAQ TER opened at $362.75 on Friday. The firm has a 50-day moving average price of $383.30 and a two-hundred day moving average price of $322.08. Teradyne, Inc. has a 12-month low of $88.60 and a 12-month high of $487.91. The company has a market capitalization of $56.78 billion, a P/E ratio of 67.18, a P/E/G ratio of 1.02 and a beta of 1.74.

Teradyne (NASDAQ:TERGet Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 87.0% on a year-over-year basis. Equities analysts expect that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

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

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the transaction, the vice president 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 have sold a total of 14,941 shares of company stock worth $5,444,112 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Teradyne News Summary

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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