Teradyne, Inc. $TER Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC lessened its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 28.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,312 shares of the company’s stock after selling 10,025 shares during the period. Teradyne makes up 1.1% of Ironwood Investment Counsel LLC’s holdings, making the stock its 23rd biggest position. Ironwood Investment Counsel LLC’s holdings in Teradyne were worth $7,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC grew its position in Teradyne by 149.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $42,000 after purchasing an additional 85 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Teradyne in the 4th quarter valued at about $28,000. SJS Investment Consulting Inc. lifted its holdings in shares of Teradyne by 192.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 164 shares of the company’s stock valued at $49,000 after buying an additional 108 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of Teradyne in the first quarter worth about $56,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Teradyne in the fourth quarter worth about $37,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research report on Thursday, April 30th. Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Morgan Stanley set a $387.00 target price on shares of Teradyne in a report on Thursday, April 30th. Finally, Evercore set a $370.00 target price on shares of Teradyne in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $390.53.

Teradyne Price Performance

Shares of Teradyne stock opened at $322.36 on Monday. The firm has a market cap of $50.46 billion, a PE ratio of 59.70, a P/E/G ratio of 0.93 and a beta of 1.74. Teradyne, Inc. has a twelve month low of $89.18 and a twelve month high of $487.91. The business has a 50-day moving average price of $382.06 and a 200 day moving average price of $328.08.

Teradyne (NASDAQ:TER) last issued its quarterly 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 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 earnings per share. Teradyne’s revenue for the quarter was up 87.0% on a year-over-year basis. On average, sell-side analysts expect that Teradyne, Inc. will post 7.2 EPS for the current year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a dividend of $0.13 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s payout ratio is 9.63%.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the transaction, the chief executive officer directly owned 120,470 shares in the company, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their ownership of the stock. The transaction 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, VP Ryan Driscoll sold 680 shares of the stock in a transaction 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 transaction, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. The trade was 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. In the last quarter, insiders have sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is owned by company insiders.

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.