Rockefeller Capital Management L.P. Purchases 3,133 Shares of Teradyne, Inc. $TER

Rockefeller Capital Management L.P. lifted its position in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 10.3% in the fourth quarter, HoldingsChannel reports. The fund owned 33,405 shares of the company’s stock after buying an additional 3,133 shares during the period. Rockefeller Capital Management L.P.’s holdings in Teradyne were worth $6,466,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TER. UMB Bank n.a. boosted its holdings in Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after acquiring an additional 40 shares during the last quarter. Stephens Inc. AR lifted its position in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after purchasing an additional 41 shares during the period. Sapient Capital LLC lifted its position in Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after purchasing an additional 43 shares during the period. Truvestments Capital LLC boosted its stake in shares of Teradyne by 3.8% in the 4th quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock valued at $279,000 after purchasing an additional 53 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Teradyne by 2.1% in the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $529,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 1,008 shares of the stock in a transaction dated Thursday, May 21st. The stock was 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 in the company, valued at $5,203,344.42. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Ryan Driscoll sold 680 shares of the 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 sale, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This trade represents a 8.15% 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. Over the last ninety days, insiders have sold 14,941 shares of company stock worth $5,444,112. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $436.86 on Friday. Teradyne, Inc. has a 52 week low of $88.60 and a 52 week high of $472.37. The company has a market capitalization of $68.39 billion, a PE ratio of 80.90, a PEG ratio of 1.36 and a beta of 1.79. The company has a 50 day moving average price of $382.07 and a two-hundred day moving average price of $308.73.

Teradyne (NASDAQ:TERGet Free Report) last posted its 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. 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 business’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. On average, sell-side analysts forecast that Teradyne, Inc. will post 7.2 earnings per share 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 paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TER. Stifel Nicolaus boosted their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Susquehanna lifted their target price on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. Citigroup upped their target price on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Bank of America increased their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday. One 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $363.87.

View Our Latest Analysis on Teradyne

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.

Further Reading

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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