Freemont Management S.A. Acquires Shares of 106,000 Teradyne, Inc. $TER

Freemont Management S.A. acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 106,000 shares of the company’s stock, valued at approximately $20,517,000. Teradyne comprises about 3.6% of Freemont Management S.A.’s holdings, making the stock its 4th largest position.

Several other hedge funds also recently bought and sold shares of the business. Quent Capital LLC grew its position in Teradyne by 3.8% in the 4th quarter. Quent Capital LLC now owns 1,738 shares of the company’s stock valued at $336,000 after acquiring an additional 63 shares during the last quarter. Huntington National Bank grew its position in Teradyne by 1.8% in the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company’s stock valued at $491,000 after acquiring an additional 64 shares during the last quarter. Choreo LLC grew its position in Teradyne by 2.2% in the 4th quarter. Choreo LLC now owns 3,043 shares of the company’s stock valued at $599,000 after acquiring an additional 66 shares during the last quarter. Signaturefd LLC grew its position in Teradyne by 9.7% in the 4th quarter. Signaturefd LLC now owns 772 shares of the company’s stock valued at $149,000 after acquiring an additional 68 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Teradyne by 5.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock valued at $181,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In related news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Upgrades and Downgrades

TER has been the topic of a number of recent research reports. Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a research report on Thursday, April 30th. Northland Securities reissued a “market perform” rating and set a $270.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. Susquehanna increased their price target on Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research report on Thursday, April 9th. Finally, Robert W. Baird set a $350.00 price target on Teradyne in a research report on Thursday, April 30th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Teradyne Trading Up 1.4%

TER opened at $363.39 on Thursday. Teradyne, Inc. has a 12-month low of $75.99 and a 12-month high of $422.11. The business’s fifty day simple moving average is $334.04 and its 200-day simple moving average is $261.55. The company has a market capitalization of $56.89 billion, a price-to-earnings ratio of 67.29, a PEG ratio of 1.47 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was up 87.0% compared to the same quarter last year. On average, equities research analysts predict that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, May 21st. 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 yield of 0.1%. Teradyne’s dividend payout ratio 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.