2,822 Shares in Teradyne, Inc. $TER Purchased by Revere Asset Management Inc

Revere Asset Management Inc acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,822 shares of the company’s stock, valued at approximately $546,000. Teradyne makes up about 0.2% of Revere Asset Management Inc’s holdings, making the stock its 22nd biggest holding.

A number of other large investors have also added to or reduced their stakes in TER. Root Financial Partners LLC purchased a new stake in Teradyne during the third quarter worth about $31,000. Davidson Capital Management Inc. purchased a new stake in Teradyne during the third quarter worth about $31,000. CYBER HORNET ETFs LLC purchased a new stake in Teradyne during the second quarter worth about $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Teradyne during the fourth quarter worth about $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Teradyne during the third quarter worth about $41,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

TER opened at $358.44 on Tuesday. The company has a market capitalization of $56.11 billion, a price-to-earnings ratio of 66.38, a PEG ratio of 1.47 and a beta of 1.79. The firm has a 50-day moving average price of $341.60 and a 200-day moving average price of $271.57. Teradyne, Inc. has a twelve month low of $75.99 and a twelve month high of $422.11.

Teradyne (NASDAQ:TER) 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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company’s revenue was up 87.0% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. On average, sell-side analysts expect that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. Teradyne’s dividend payout ratio (DPR) is 9.63%.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s 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 completion of the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the firm’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 transaction, 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. 0.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Susquehanna raised their price objective on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a report on Thursday, April 9th. UBS Group raised their price objective on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a report on Thursday, April 30th. Morgan Stanley set a $387.00 target price on shares of Teradyne in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $339.80.

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.