Teradyne, Inc. $TER Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its position in Teradyne, Inc. (NASDAQ:TER) by 42.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,278,913 shares of the company’s stock after selling 1,715,143 shares during the quarter. Van ECK Associates Corp’s holdings in Teradyne were worth $441,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TER. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Teradyne during the fourth quarter worth $28,000. Davidson Capital Management Inc. acquired a new stake in shares of Teradyne during the third quarter worth $31,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne during the second quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Teradyne during the fourth quarter worth $37,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Teradyne during the third quarter worth $41,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TER. Citigroup upped their price target on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $387.00 target price on Teradyne in a research note on Thursday, April 30th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a research note on Thursday, April 30th. Susquehanna increased their target price on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. Finally, The Goldman Sachs Group raised their price objective on Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $339.80.

Insider Buying and Selling at Teradyne

In related news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction dated Thursday, May 7th. The stock was 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 directly owned 7,665 shares of the company’s stock, valued at $2,894,304. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 shares were 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. This trade represents a 6.27% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 10,941 shares of company stock worth $3,751,992. 0.19% of the stock is currently owned by insiders.

Teradyne Trading Up 5.7%

Shares of TER opened at $403.20 on Friday. Teradyne, Inc. has a 1 year low of $83.00 and a 1 year high of $422.11. The stock has a 50 day simple moving average of $364.24 and a 200-day simple moving average of $291.25. The stock has a market cap of $63.12 billion, a PE ratio of 74.67, a PEG ratio of 1.57 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping 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 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 firm posted $0.75 EPS. Teradyne’s quarterly revenue was up 87.0% compared to the same quarter last year. On average, sell-side analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio is presently 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.