Sequoia Financial Advisors LLC Raises Stock Holdings in Teradyne, Inc. $TER

Sequoia Financial Advisors LLC raised its position in Teradyne, Inc. (NASDAQ:TERFree Report) by 41.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,350 shares of the company’s stock after purchasing an additional 2,139 shares during the period. Sequoia Financial Advisors LLC’s holdings in Teradyne were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TER. ARK Investment Management LLC raised its stake 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 purchasing an additional 548,140 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Teradyne by 656.4% during the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock worth $24,554,000 after purchasing an additional 108,745 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Teradyne by 9.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after purchasing an additional 7,648 shares during the last quarter. Aspen Wealth Strategies LLC purchased a new stake in shares of Teradyne during the third quarter worth approximately $577,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock worth $176,144,000 after purchasing an additional 882,723 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. The trade was a 8.15% decrease in their position. The transaction was disclosed in a document filed 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. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TER. Cantor Fitzgerald upped their price objective on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Robert W. Baird set a $350.00 price objective on Teradyne in a report on Thursday, April 30th. Evercore set a $370.00 price objective on Teradyne in a report on Thursday, April 30th. Morgan Stanley set a $387.00 price objective on Teradyne in a report on Thursday, April 30th. Finally, Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Read Our Latest Analysis on TER

Teradyne Stock Down 2.2%

TER opened at $358.45 on Wednesday. The firm has a market cap of $56.11 billion, a P/E ratio of 66.38, a PEG ratio of 1.51 and a beta of 1.79. Teradyne, Inc. has a 52 week low of $75.99 and a 52 week high of $422.11. The business’s fifty day simple moving average is $333.29 and its 200 day simple moving average is $260.01.

Teradyne (NASDAQ:TERGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts expect that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

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.

See Also

Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TERFree Report).

Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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