Bank Julius Baer & Co. Ltd Zurich Has $18.57 Million Stock Position in Teradyne, Inc. $TER

Bank Julius Baer & Co. Ltd Zurich boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 227.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 94,854 shares of the company’s stock after acquiring an additional 65,887 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Teradyne were worth $18,567,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of Teradyne in the 3rd quarter worth approximately $31,000. Davidson Capital Management Inc. bought a new position in Teradyne during the third quarter worth $31,000. CYBER HORNET ETFs LLC acquired a new position in Teradyne in the second quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Teradyne in the fourth quarter valued at $37,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Teradyne during the third quarter valued at $41,000. Institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other 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 transaction of $256,768.00. Following the completion of the sale, the vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on TER shares. Robert W. Baird set a $350.00 price objective on Teradyne in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 target price on Teradyne in a research note on Thursday, April 30th. Citigroup lifted their target price on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus boosted their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada set a $270.00 price target on Teradyne in a report on Monday, February 2nd. One research 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. Based on data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Teradyne Stock Down 1.9%

Shares of NASDAQ:TER opened at $356.55 on Friday. Teradyne, Inc. has a twelve month low of $75.99 and a twelve month high of $422.11. The stock’s 50 day moving average is $335.09 and its 200-day moving average is $263.04. The firm has a market capitalization of $55.82 billion, a price-to-earnings ratio of 66.03, a PEG ratio of 1.49 and a beta of 1.79.

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

Teradyne Increases Dividend

The firm 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 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 is Thursday, May 21st. Teradyne’s dividend payout ratio is 9.63%.

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.