Teradyne, Inc. $TER Shares Sold by Needham Investment Management LLC

Needham Investment Management LLC decreased its holdings in Teradyne, Inc. (NASDAQ:TER) by 16.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the company’s stock after selling 6,000 shares during the quarter. Needham Investment Management LLC’s holdings in Teradyne were worth $5,807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. UMB Bank n.a. boosted its holdings in shares of Teradyne by 1.8% during the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after purchasing an additional 40 shares during the last quarter. Stephens Inc. AR raised its holdings in Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after buying an additional 41 shares during the period. Sapient Capital LLC boosted its stake in Teradyne by 1.5% during the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after buying an additional 43 shares during the period. Truvestments Capital LLC increased its position in shares of Teradyne by 3.8% during the fourth quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock valued at $279,000 after acquiring an additional 53 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Teradyne by 2.1% in the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $529,000 after acquiring an additional 57 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on TER. The Goldman Sachs Group lifted their target price on shares of Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $387.00 target price on Teradyne in a report on Thursday, April 30th. Stifel Nicolaus lifted their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Cantor Fitzgerald raised their price objective on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Finally, Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Trading Up 7.2%

TER stock opened at $432.41 on Tuesday. The stock has a market cap of $67.69 billion, a P/E ratio of 80.08, a PEG ratio of 1.66 and a beta of 1.79. Teradyne, Inc. has a twelve month low of $84.12 and a twelve month high of $437.77. The company’s 50 day moving average is $366.69 and its two-hundred day moving average is $294.00.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. Teradyne’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, equities research analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current 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 given a $0.13 dividend. 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 annualized dividend and a yield of 0.1%. Teradyne’s payout ratio is presently 9.63%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction that occurred on 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 directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their position. The sale 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 business’s stock in a transaction that occurred 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 transaction, the vice president directly owned 7,665 shares in the company, valued at approximately $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 10,941 shares of company stock valued at $3,751,992 in the last ninety days. Insiders own 0.19% of the company’s stock.

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.