Lido Advisors LLC Buys 3,992 Shares of Teradyne, Inc. $TER

Lido Advisors LLC lifted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 15.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,512 shares of the company’s stock after buying an additional 3,992 shares during the period. Lido Advisors LLC’s holdings in Teradyne were worth $9,046,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State of Wyoming acquired a new stake in Teradyne in the first quarter valued at $256,000. CI Investments Inc. acquired a new position in Teradyne during the 1st quarter worth about $200,000. Temasek Holdings Private Ltd bought a new stake in shares of Teradyne in the 1st quarter valued at about $26,530,000. Bellwether Advisors LLC bought a new stake in shares of Teradyne in the 1st quarter valued at about $1,660,000. Finally, ABN Amro Investment Solutions increased its stake in shares of Teradyne by 15.7% in the first quarter. ABN Amro Investment Solutions now owns 7,503 shares of the company’s stock valued at $2,224,000 after buying an additional 1,017 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Down 6.4%

Shares of TER opened at $349.92 on Friday. The firm’s fifty day simple moving average is $382.42 and its two-hundred day simple moving average is $332.85. Teradyne, Inc. has a 12 month low of $89.18 and a 12 month high of $487.91. The stock has a market capitalization of $54.78 billion, a P/E ratio of 64.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.74.

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

Teradyne Increases Dividend

The firm also recently announced 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 is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. Teradyne’s payout ratio is 9.63%.

Insiders Place Their Bets

In other Teradyne news, insider Shannon John Poulin sold 656 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider directly owned 15,722 shares in the company, valued at approximately $5,581,310. This represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 that occurred on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president owned 7,665 shares in the company, valued at $2,894,304. The trade was a 8.15% 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. Over the last three months, insiders sold 14,941 shares of company stock worth $5,444,112. 0.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group raised their price objective on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday. Evercore set a $370.00 target price on Teradyne in a report on Thursday, April 30th. Bank of America upped their target price on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Stifel Nicolaus raised their price target on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $394.53.

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.