Teradyne, Inc. $TER Shares Sold by Caxton Associates LLP

Caxton Associates LLP reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 33.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,954 shares of the company’s stock after selling 8,606 shares during the period. Caxton Associates LLP’s holdings in Teradyne were worth $5,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after buying an additional 468 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in Teradyne by 11.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after buying an additional 702 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Teradyne by 467.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after acquiring an additional 2,807 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Teradyne by 5.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock valued at $6,755,000 after acquiring an additional 3,651 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Teradyne by 13.9% in the 2nd quarter. Alliancebernstein L.P. now owns 194,296 shares of the company’s stock valued at $17,471,000 after acquiring an additional 23,722 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

TER stock opened at $373.75 on Friday. Teradyne, Inc. has a 12 month low of $89.18 and a 12 month high of $487.91. The company has a market cap of $58.51 billion, a price-to-earnings ratio of 69.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.74. The company has a fifty day moving average price of $382.18 and a 200 day moving average price of $332.73.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, April 29th. The company reported $2.56 EPS 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The business’s revenue was up 87.0% compared to the same quarter last year. As a group, 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. Shareholders of record on Thursday, May 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.52 annualized dividend and a yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is currently 9.63%.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of research analyst reports. UBS Group upped their price target on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday. Citigroup raised their price objective on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. JPMorgan Chase & Co. upgraded 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. Finally, The Goldman Sachs Group increased their target price on shares of Teradyne from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average price target of $394.53.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the sale, the chief executive officer directly owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Teradyne stock in a transaction that occurred 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 owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is owned by company insiders.

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.