Lmcg Investments LLC Has $4.67 Million Stock Holdings in Teradyne, Inc. $TER

Lmcg Investments LLC trimmed its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 36.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,754 shares of the company’s stock after selling 9,032 shares during the period. Lmcg Investments LLC’s holdings in Teradyne were worth $4,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TER. Flatrock Wealth Partners LLC purchased a new position in Teradyne during the 1st quarter valued at about $218,000. Jackson Thornton Wealth Management LLC boosted its holdings in shares of Teradyne by 23.8% during the first quarter. Jackson Thornton Wealth Management LLC now owns 1,486 shares of the company’s stock worth $441,000 after purchasing an additional 286 shares during the period. Swedbank AB boosted its holdings in shares of Teradyne by 46.5% during the first quarter. Swedbank AB now owns 54,340 shares of the company’s stock worth $16,110,000 after purchasing an additional 17,238 shares during the period. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Teradyne during the first quarter valued at approximately $311,000. Finally, Whittier Trust Co. increased its stake in Teradyne by 5.5% in the 1st quarter. Whittier Trust Co. now owns 827 shares of the company’s stock valued at $261,000 after buying an additional 43 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TER has been the subject of a number of research reports. Citigroup lifted their target price on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Evercore set a $370.00 price objective on Teradyne in a research report on Thursday, April 30th. UBS Group boosted their target price on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Cantor Fitzgerald upped their target price on Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, The Goldman Sachs Group raised their price target on Teradyne from $350.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average price target of $390.53.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the transaction, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction 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 completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% 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. In the last ninety days, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is currently owned by insiders.

Teradyne Trading Up 2.5%

Shares of NASDAQ:TER opened at $351.57 on Thursday. The stock has a market capitalization of $55.03 billion, a PE ratio of 65.11, a P/E/G ratio of 0.99 and a beta of 1.74. Teradyne, Inc. has a 1 year low of $88.60 and a 1 year high of $487.91. The firm has a fifty day moving average price of $383.65 and a 200 day moving average price of $320.90.

Teradyne (NASDAQ:TER) last posted its 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue was up 87.0% compared to the same quarter last year. On average, sell-side analysts forecast that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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