Silver Oak Securities Incorporated Lowers Stake in Teradyne, Inc. $TER

Silver Oak Securities Incorporated lowered its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 40.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,380 shares of the company’s stock after selling 2,318 shares during the period. Silver Oak Securities Incorporated’s holdings in Teradyne were worth $1,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Teradyne in the 4th quarter worth approximately $28,000. Davidson Capital Management Inc. bought a new position in Teradyne during the 3rd quarter valued at approximately $31,000. CYBER HORNET ETFs LLC bought a new position in Teradyne during the 2nd quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne during the 4th quarter valued at approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Teradyne during the third quarter valued at $41,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the sale, the chief executive officer owned 124,470 shares of the company’s stock, valued at $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 SEC, which is available at 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 Teradyne stock in a transaction 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 sale, the insider directly owned 15,066 shares of the company’s stock, valued at $5,203,344.42. The trade was a 6.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 14,941 shares of company stock worth $5,444,112 in the last ninety days. Insiders own 0.19% of the company’s stock.

Teradyne Stock Up 10.5%

Shares of TER stock opened at $471.96 on Friday. The company has a 50 day moving average price of $380.63 and a 200-day moving average price of $307.83. Teradyne, Inc. has a 52 week low of $88.60 and a 52 week high of $472.37. The firm has a market capitalization of $73.88 billion, a PE ratio of 87.40, a P/E/G ratio of 1.23 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 net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 87.0% compared to the same quarter last year. Analysts anticipate that Teradyne, Inc. will post 7.23 earnings per share for the current year.

Teradyne Increases Dividend

The company also recently declared 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. This represents a $0.52 annualized dividend 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 payout ratio is currently 9.63%.

Analysts Set New Price Targets

TER has been the topic of a number of recent research reports. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald lifted their price target on Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Robert W. Baird increased their price objective on shares of Teradyne from $350.00 to $446.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $363.87.

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.