Entropy Technologies LP Increases Stock Holdings in Teradyne, Inc. $TER

Entropy Technologies LP boosted its stake in Teradyne, Inc. (NASDAQ:TER) by 22.1% during the first quarter, Holdings Channel.com reports. The fund owned 44,917 shares of the company’s stock after purchasing an additional 8,130 shares during the quarter. Entropy Technologies LP’s holdings in Teradyne were worth $13,316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gouws Capital LLC boosted its stake in Teradyne by 96.0% during the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock worth $2,966,000 after purchasing an additional 7,505 shares during the last quarter. Wealthfront Advisers LLC raised its position in shares of Teradyne by 56.0% in the fourth quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock valued at $5,678,000 after buying an additional 10,526 shares during the last quarter. Merit Financial Group LLC raised its position in shares of Teradyne by 81.3% in the fourth quarter. Merit Financial Group LLC now owns 6,659 shares of the company’s stock valued at $1,289,000 after buying an additional 2,986 shares during the last quarter. Lecap Asset Management Ltd. lifted its stake in shares of Teradyne by 88.5% in the fourth quarter. Lecap Asset Management Ltd. now owns 8,392 shares of the company’s stock worth $1,624,000 after buying an additional 3,941 shares in the last quarter. Finally, Spire Wealth Management boosted its position in Teradyne by 19,245.0% during the fourth quarter. Spire Wealth Management now owns 25,342 shares of the company’s stock worth $4,905,000 after acquiring an additional 25,211 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several research reports. UBS Group upped their price objective on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird boosted their target price on Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Cantor Fitzgerald upped their price target on Teradyne from $400.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Weiss Ratings cut Teradyne from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Morgan Stanley set a $387.00 price objective on Teradyne in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $394.53.

Insider Activity at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president owned 7,665 shares in the company, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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. This trade represents a 6.46% 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. Over the last three months, insiders have sold 14,941 shares of company stock worth $5,444,112. Insiders own 0.19% of the company’s stock.

Teradyne Trading Down 6.4%

Teradyne stock opened at $349.92 on Friday. The company has a 50-day moving average price of $382.42 and a 200 day moving average price of $332.85. Teradyne, Inc. has a 12-month low of $89.18 and a 12-month high of $487.91. The stock has a market cap of $54.78 billion, a P/E ratio of 64.80, a PEG ratio of 1.08 and a beta of 1.74.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $0.75 EPS. Teradyne’s revenue was up 87.0% on a year-over-year basis. As a group, analysts forecast that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were issued a $0.13 dividend. This is a boost 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%. The ex-dividend date was Thursday, May 21st. Teradyne’s payout ratio is currently 9.63%.

Teradyne 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.