Ardsley Advisory Partners LP Sells 28,000 Shares of Teradyne, Inc. $TER

Ardsley Advisory Partners LP decreased its position in Teradyne, Inc. (NASDAQ:TERFree Report) by 31.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,000 shares of the company’s stock after selling 28,000 shares during the period. Teradyne accounts for 1.3% of Ardsley Advisory Partners LP’s portfolio, making the stock its 25th largest position. Ardsley Advisory Partners LP’s holdings in Teradyne were worth $11,614,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. DV Equities LLC bought a new position in Teradyne in the fourth quarter valued at about $42,000. AQR Capital Management LLC lifted its holdings in shares of Teradyne by 104.7% during the 4th quarter. AQR Capital Management LLC now owns 1,283,086 shares of the company’s stock valued at $248,354,000 after purchasing an additional 656,126 shares in the last quarter. GAM Holding AG bought a new position in shares of Teradyne during the 4th quarter valued at about $1,396,000. Cetera Investment Advisers lifted its holdings in shares of Teradyne by 45.5% during the 4th quarter. Cetera Investment Advisers now owns 50,203 shares of the company’s stock valued at $9,717,000 after purchasing an additional 15,698 shares in the last quarter. Finally, Defiance ETFs LLC acquired a new stake in Teradyne in the 4th quarter valued at approximately $38,502,000. Institutional investors own 99.77% of the company’s stock.

Key Headlines Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

Insider Buying and Selling at Teradyne

In other news, insider Shannon John Poulin sold 1,008 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was 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 in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% 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 three months, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TER shares. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a report on Thursday, April 30th. Citigroup boosted their target price on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus increased their price objective on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given 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.

Read Our Latest Analysis on Teradyne

Teradyne Stock Down 0.2%

NASDAQ:TER opened at $408.56 on Thursday. The stock’s 50-day simple moving average is $370.55 and its 200 day simple moving average is $297.23. The firm has a market capitalization of $63.96 billion, a PE ratio of 75.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79. Teradyne, Inc. has a twelve month low of $84.24 and a twelve month high of $440.75.

Teradyne (NASDAQ:TERGet Free Report) last released its quarterly earnings data 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. The business had revenue of $1.28 billion for 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%.Teradyne’s revenue was up 87.0% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. On average, analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

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

Teradyne 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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