Themes Management Co LLC Acquires 3,227 Shares of Teradyne, Inc. $TER

Themes Management Co LLC grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 84.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,059 shares of the company’s stock after acquiring an additional 3,227 shares during the period. Teradyne accounts for 1.3% of Themes Management Co LLC’s portfolio, making the stock its 15th largest holding. Themes Management Co LLC’s holdings in Teradyne were worth $2,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Teradyne in the 4th quarter worth $28,000. CYBER HORNET ETFs LLC purchased a new position in Teradyne during the second quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Teradyne during the fourth quarter valued at $37,000. University of Texas Texas AM Investment Management Co. bought a new stake in Teradyne during the fourth quarter valued at about $41,000. Finally, Cornerstone Planning Group LLC grew its holdings in Teradyne by 149.1% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $42,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Down 6.4%

NASDAQ:TER opened at $349.92 on Friday. The business’s 50-day simple moving average is $382.42 and its two-hundred day simple moving average is $332.85. The stock has a market cap of $54.78 billion, a PE ratio of 64.80, a P/E/G ratio of 1.01 and a beta of 1.74. Teradyne, Inc. has a 52 week low of $89.18 and a 52 week high of $487.91.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.11 by $0.45. The business 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 business’s revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. Sell-side analysts anticipate that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on TER shares. Cantor Fitzgerald upped their price target on Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. The Goldman Sachs Group lifted their price objective on Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Robert W. Baird increased their target price on shares of Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Finally, Susquehanna raised their target price on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus price target of $394.53.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value 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. 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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total value of $348,132.96. Following the completion of the transaction, the insider owned 15,066 shares of the company’s stock, valued at $5,203,344.42. The trade was a 6.27% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 14,941 shares of company stock valued at $5,444,112. Corporate insiders own 0.19% of the company’s stock.

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.