Trivest Advisors Ltd Acquires Shares of 456,800 Teradyne, Inc. $TER

Trivest Advisors Ltd acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the 1st quarter, HoldingsChannel reports. The fund acquired 456,800 shares of the company’s stock, valued at approximately $135,423,000. Teradyne makes up 9.8% of Trivest Advisors Ltd’s investment portfolio, making the stock its 4th largest holding.

A number of other hedge funds have also recently modified their holdings of TER. SEB Asset Management AB acquired a new stake in Teradyne during the first quarter worth about $19,782,000. Swiss National Bank raised its position in Teradyne by 5.4% during the first quarter. Swiss National Bank now owns 459,600 shares of the company’s stock valued at $136,253,000 after acquiring an additional 23,700 shares in the last quarter. Pavion Blue Capital LLC acquired a new position in Teradyne in the first quarter valued at approximately $267,000. Watershed Asset Management L.L.C. acquired a new position in Teradyne in the first quarter valued at approximately $2,638,000. Finally, Zhang Financial LLC purchased a new stake in Teradyne in the 1st quarter worth approximately $861,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. The trade was a 8.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider owned 15,722 shares of the company’s stock, valued at $5,581,310. This represents a 4.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is owned by corporate insiders.

Teradyne Stock Performance

Shares of TER stock opened at $322.36 on Monday. Teradyne, Inc. has a 12-month low of $89.18 and a 12-month high of $487.91. The business’s 50 day moving average is $382.06 and its two-hundred day moving average is $328.08. The company has a market capitalization of $50.46 billion, a P/E ratio of 59.70, a P/E/G ratio of 0.93 and a beta of 1.74.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS 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 analysts’ expectations of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The business’s revenue was up 87.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. On average, research analysts predict that Teradyne, Inc. will post 7.2 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 paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is 9.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Citigroup raised their price objective on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Evercore set a $370.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Stifel Nicolaus increased their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Cantor Fitzgerald raised their price target on shares of Teradyne from $400.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, Susquehanna lifted their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $390.53.

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.