Tobam Invests $438,000 in Teradyne, Inc. $TER

Tobam purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,262 shares of the company’s stock, valued at approximately $438,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TER. ARK Investment Management LLC increased its holdings in shares of Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after buying an additional 548,140 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Teradyne by 656.4% in the 4th 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 boosted its holdings in shares of Teradyne by 96.0% during the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after acquiring an additional 7,505 shares in the last quarter. Aspen Wealth Strategies LLC acquired a new stake in shares of Teradyne during the 3rd quarter valued at $577,000. Finally, Assenagon Asset Management S.A. grew its position in Teradyne by 3,233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after acquiring an additional 882,723 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Shannon John Poulin sold 1,008 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $345.37, for a total value of $348,132.96. Following the transaction, the insider owned 15,066 shares in the company, valued at approximately $5,203,344.42. The trade was a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. This represents a 6.46% 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. In the last 90 days, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is currently owned by insiders.

Teradyne Stock Performance

Shares of TER opened at $437.92 on Friday. The stock’s 50-day moving average price is $374.49 and its two-hundred day moving average price is $300.01. Teradyne, Inc. has a 12 month low of $84.24 and a 12 month high of $440.75. The company has a market capitalization of $68.55 billion, a PE ratio of 81.10, a PEG ratio of 1.80 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results 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. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The business’s quarterly revenue was up 87.0% on a year-over-year basis. Equities research analysts predict 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 dividend of $0.13 per share. 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 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is currently 9.63%.

Wall Street Analyst Weigh In

TER has been the subject of several research reports. Cantor Fitzgerald increased their target price on Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Susquehanna upped their price objective on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a report on Thursday, April 30th. Finally, Evercore set a $370.00 target price on shares of Teradyne in a research report on Thursday, April 30th. One research 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 stock. According to data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Company 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.