Union Bancaire Privee UBP SA Acquires 29,506 Shares of Teradyne, Inc. $TER

Union Bancaire Privee UBP SA increased its holdings in Teradyne, Inc. (NASDAQ:TERFree Report) by 681.9% in the first quarter, HoldingsChannel.com reports. The fund owned 33,833 shares of the company’s stock after acquiring an additional 29,506 shares during the period. Union Bancaire Privee UBP SA’s holdings in Teradyne were worth $10,030,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new position in Teradyne during the 4th quarter valued at $28,000. Davidson Capital Management Inc. bought a new stake in shares of Teradyne during the 3rd quarter valued at about $31,000. CYBER HORNET ETFs LLC bought a new stake in shares of Teradyne during the 2nd quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Teradyne during the 4th quarter valued at about $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Teradyne during the third quarter valued at about $41,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Susquehanna increased their price target on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research note on Thursday, April 9th. Bank of America upped their target price on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 target price for the company in a research report on Thursday, April 30th. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, The Goldman Sachs Group lifted their price target on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $363.87.

Check Out Our Latest Analysis on TER

Teradyne Stock Performance

TER stock opened at $436.86 on Friday. The firm has a 50 day moving average price of $382.07 and a 200-day moving average price of $308.73. 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 $68.39 billion, a price-to-earnings ratio of 80.90, a PEG ratio of 1.36 and a beta of 1.79.

Teradyne (NASDAQ:TERGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.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 business posted $0.75 EPS. The firm’s quarterly revenue was up 87.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were paid a $0.13 dividend. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s payout ratio is currently 9.63%.

Trending Headlines about Teradyne

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Insider Activity

In related news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $345.37, for a total transaction of $348,132.96. Following the sale, the insider directly owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. This represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. Also, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the sale, the chief executive officer owned 124,470 shares of the company’s stock, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,941 shares of company stock worth $5,444,112 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

Teradyne Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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