Storgate LLC Purchases Shares of 1,938 Teradyne, Inc. $TER

Storgate LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,938 shares of the company’s stock, valued at approximately $375,000.

Other large investors have also recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its stake in Teradyne by 25.2% in the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after acquiring an additional 548,140 shares during the last quarter. Nordea Investment Management AB lifted its stake in Teradyne by 656.4% in the fourth 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 lifted its stake in Teradyne by 96.0% in the fourth 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 during the last quarter. Aspen Wealth Strategies LLC bought a new position in shares of Teradyne in the third quarter valued at about $577,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after purchasing an additional 882,723 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The transaction 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. 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 transaction 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 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. Over the last three months, insiders have sold 10,941 shares of company stock valued at $3,751,992. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

TER has been the topic of several research analyst reports. Citigroup increased their price objective on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $339.80.

Teradyne Price Performance

Shares of TER opened at $403.20 on Friday. Teradyne, Inc. has a fifty-two week low of $83.00 and a fifty-two week high of $422.11. The firm has a market capitalization of $63.12 billion, a PE ratio of 74.67, a PEG ratio of 1.57 and a beta of 1.79. The company’s 50-day moving average is $364.24 and its 200-day moving average is $291.25.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned $0.75 earnings per share. Teradyne’s revenue for the quarter was up 87.0% compared to the same quarter last year. Analysts predict that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were given a dividend of $0.13 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s payout ratio is 9.63%.

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.