6,341 Shares in Teradyne, Inc. $TER Purchased by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA bought a new position in Teradyne, Inc. (NASDAQ:TER) in the first quarter, HoldingsChannel.com reports. The fund bought 6,341 shares of the company’s stock, valued at approximately $1,880,000.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp lifted its holdings in Teradyne by 0.9% during the 4th quarter. State Street Corp now owns 7,078,635 shares of the company’s stock valued at $1,370,141,000 after purchasing an additional 60,986 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Teradyne by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after buying an additional 143,058 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Teradyne by 18.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,203,546 shares of the company’s stock worth $813,640,000 after buying an additional 659,273 shares in the last quarter. Invesco Ltd. raised its stake in shares of Teradyne by 3.5% in the third quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after acquiring an additional 99,864 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Teradyne by 1.9% in the 4th quarter. Morgan Stanley now owns 2,442,014 shares of the company’s stock worth $472,677,000 after acquiring an additional 45,089 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other news, VP Ryan Driscoll sold 680 shares of the firm’s 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 owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% 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. Insiders sold a total of 14,941 shares of company stock worth $5,444,112 in the last three months. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TER. UBS Group upped their price target on shares of Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Robert W. Baird boosted their price objective on shares of Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Citigroup increased their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, 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 report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $394.53.

Teradyne Stock Performance

NASDAQ:TER opened at $349.92 on Monday. The company has a market cap of $54.78 billion, a PE ratio of 64.80, a PEG ratio of 1.01 and a beta of 1.74. The stock has a 50-day simple moving average of $382.42 and a 200 day simple moving average of $333.65. Teradyne, Inc. has a 52-week low of $89.18 and a 52-week high of $487.91.

Teradyne (NASDAQ:TER) last issued 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 net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $0.75 EPS. The business’s quarterly revenue was up 87.0% on a year-over-year basis. On average, research analysts predict that Teradyne, Inc. will post 7.2 earnings per share for the current fiscal year.

Teradyne Increases Dividend

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

Teradyne 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.