TD Private Client Wealth LLC Sells 2,870 Shares of Teradyne, Inc. $TER

TD Private Client Wealth LLC lowered its position in shares of Teradyne, Inc. (NASDAQ:TER) by 93.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 203 shares of the company’s stock after selling 2,870 shares during the period. TD Private Client Wealth LLC’s holdings in Teradyne were worth $39,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Teradyne during the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. acquired a new stake in Teradyne in the third quarter valued at approximately $31,000. CYBER HORNET ETFs LLC bought a new position in shares of Teradyne in the second quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne in the fourth quarter valued at approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Teradyne in the third quarter valued at approximately $41,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $256,768.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the transaction, the chief executive officer owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This trade represents a 6.46% 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. 0.19% of the stock is owned by insiders.

Teradyne Price Performance

Shares of Teradyne stock opened at $358.44 on Monday. Teradyne, Inc. has a twelve month low of $75.99 and a twelve month high of $422.11. The business has a 50-day moving average price of $340.16 and a 200-day moving average price of $270.29. The firm has a market cap of $56.11 billion, a price-to-earnings ratio of 66.38, a PEG ratio of 1.47 and a beta of 1.79.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 87.0% compared to the same quarter last year. On average, equities analysts expect that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Northland Securities reiterated a “market perform” rating and issued a $270.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Citigroup lifted their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $350.00 price target on Teradyne in a research report on Thursday, April 30th. One investment 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, the company has a consensus rating of “Moderate Buy” and an average 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.