6,032 Shares in Teradyne, Inc. $TER Purchased by Estate Counselors LLC

Estate Counselors LLC bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the 1st quarter, Holdings Channel reports. The firm bought 6,032 shares of the company’s stock, valued at approximately $1,788,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TER. Gouws Capital LLC grew its holdings in Teradyne by 96.0% in the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after purchasing an additional 7,505 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Teradyne by 56.0% during the 4th quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock worth $5,678,000 after buying an additional 10,526 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of Teradyne by 81.3% during the 4th quarter. Merit Financial Group LLC now owns 6,659 shares of the company’s stock worth $1,289,000 after buying an additional 2,986 shares during the last quarter. Lecap Asset Management Ltd. boosted its position in shares of Teradyne by 88.5% in the 4th 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, Brendel Financial Advisors LLC purchased a new stake in shares of Teradyne in the 4th quarter worth about $2,614,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Trading Down 4.3%

Teradyne stock opened at $334.77 on Tuesday. The stock has a 50-day moving average price of $382.69 and a 200 day moving average price of $334.39. Teradyne, Inc. has a 52 week low of $89.18 and a 52 week high of $487.91. The stock has a market cap of $52.41 billion, a PE ratio of 61.99, a P/E/G ratio of 1.01 and a beta of 1.74.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm’s quarterly revenue was up 87.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. On average, equities analysts predict that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors 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 is a positive change from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. Teradyne’s payout ratio is currently 9.63%.

Analysts Set New Price Targets

TER has been the subject of several recent research reports. UBS Group raised their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Cantor Fitzgerald upped their price target on shares of Teradyne from $400.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Robert W. Baird increased their price target on shares of Teradyne from $350.00 to $446.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Bank of America raised their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley set a $387.00 price objective on Teradyne in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $394.53.

Insider Activity at Teradyne

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 the firm’s 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 sale, the insider owned 15,066 shares in the company, valued at $5,203,344.42. This trade represents a 6.27% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 14,941 shares of company stock valued at $5,444,112. Company insiders own 0.19% of the company’s stock.

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.