Stance Capital LLC Invests $1.33 Million in Teradyne, Inc. $TER

Stance Capital LLC bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,850 shares of the company’s stock, valued at approximately $1,326,000.

A number of other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Teradyne during the 4th quarter worth approximately $398,777,000. Wellington Management Group LLP increased its position in Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after buying an additional 2,022,389 shares during the period. Aspex Management HK Ltd acquired a new stake in shares of Teradyne during the fourth quarter worth $199,723,000. Corient Private Wealth LLC lifted its holdings in shares of Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after buying an additional 1,028,916 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its position in shares of Teradyne by 48.6% in the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after acquiring an additional 940,000 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TER shares. Cantor Fitzgerald raised their price target on shares of Teradyne from $330.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Evercore set a $370.00 price objective on shares of Teradyne in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, UBS Group lifted their price target on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $339.80.

Insider Activity

In other news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the completion of the sale, the vice president owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the sale, the insider owned 15,066 shares in the company, valued at $5,203,344.42. This represents a 6.27% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $437.92 on Monday. Teradyne, Inc. has a 52 week low of $84.24 and a 52 week high of $440.75. The stock has a market capitalization of $68.55 billion, a P/E ratio of 81.10, a PEG ratio of 1.80 and a beta of 1.79. The stock’s fifty day moving average is $374.49 and its 200 day moving average is $300.85.

Teradyne (NASDAQ:TER) last posted its quarterly 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 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 the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Teradyne’s revenue for the quarter was up 87.0% compared to the same quarter last year. Equities research analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

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

Teradyne Company 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.