Chicago Partners Investment Group LLC Boosts Position in Teradyne, Inc. $TER

Chicago Partners Investment Group LLC grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 38.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,144 shares of the company’s stock after acquiring an additional 2,257 shares during the period. Chicago Partners Investment Group LLC’s holdings in Teradyne were worth $2,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Teradyne in the fourth quarter valued at approximately $28,000. SJS Investment Consulting Inc. increased its holdings in Teradyne by 192.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock worth $49,000 after acquiring an additional 108 shares during the period. Ascentis Independent Advisors bought a new stake in Teradyne during the 1st quarter worth approximately $56,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Teradyne in the 4th quarter worth approximately $37,000. Finally, True Wealth Design LLC lifted its stake in Teradyne by 49.6% in the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after purchasing an additional 70 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Price Performance

Shares of TER opened at $353.23 on Wednesday. Teradyne, Inc. has a 1-year low of $88.60 and a 1-year high of $487.91. The company has a market capitalization of $55.29 billion, a P/E ratio of 65.41, a P/E/G ratio of 0.99 and a beta of 1.74. The firm’s 50 day simple moving average is $384.24 and its 200 day simple moving average is $325.32.

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. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. On average, equities analysts anticipate that Teradyne, Inc. will post 7.2 earnings per share for the current year.

Teradyne Increases Dividend

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America raised their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Evercore set a $370.00 price target on shares of Teradyne in a report on Thursday, April 30th. Cantor Fitzgerald increased their price objective on Teradyne from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Morgan Stanley set a $387.00 price objective on Teradyne in a research note on Thursday, April 30th. Finally, UBS Group boosted their target price on Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $390.53.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 8,597 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the completion of the transaction, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. This represents a 8.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 14,941 shares of company stock worth $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.