Teradyne, Inc. $TER Shares Purchased by XXEC Inc.

XXEC Inc. boosted its position in Teradyne, Inc. (NASDAQ:TER) by 133.9% in the first quarter, Holdings Channel.com reports. The firm owned 61,749 shares of the company’s stock after acquiring an additional 35,352 shares during the quarter. Teradyne makes up about 3.6% of XXEC Inc.’s holdings, making the stock its 14th largest position. XXEC Inc.’s holdings in Teradyne were worth $18,306,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Teradyne during the 4th quarter worth approximately $28,000. Davidson Capital Management Inc. acquired a new stake in shares of Teradyne in the 3rd quarter valued at approximately $31,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Teradyne in the second quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Teradyne in the fourth quarter valued at approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Teradyne in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity

In related news, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value 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 filing with the Securities & Exchange Commission, 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 stock in a transaction dated 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. The trade was a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,941 shares of company stock worth $5,444,112 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TER has been the subject of several research analyst reports. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Robert W. Baird boosted their target price on shares of Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Citigroup boosted their target price on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating 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 note on Monday, May 4th. Finally, Stifel Nicolaus increased their price target on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $382.87.

Teradyne Price Performance

TER opened at $483.84 on Wednesday. The stock has a market cap of $75.74 billion, a P/E ratio of 89.60, a P/E/G ratio of 1.34 and a beta of 1.79. The stock’s 50 day simple moving average is $386.08 and its 200 day simple moving average is $313.30. Teradyne, Inc. has a 1-year low of $88.60 and a 1-year high of $487.91.

Teradyne (NASDAQ:TER) last released its quarterly earnings data 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. The firm had revenue of $1.28 billion during 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%.Teradyne’s quarterly revenue was up 87.0% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. Research analysts expect that Teradyne, Inc. will post 7.2 EPS for the current fiscal year.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is 9.63%.

About Teradyne

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.