Williamson Legacy Group LLC Takes $770,000 Position in Teradyne, Inc. $TER

Williamson Legacy Group LLC acquired a new stake in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,980 shares of the company’s stock, valued at approximately $770,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ARK Investment Management LLC boosted its stake in shares of Teradyne by 25.2% in the 3rd quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after buying an additional 548,140 shares during the period. Nordea Investment Management AB boosted its stake in shares of Teradyne by 656.4% in the 4th quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after buying an additional 108,745 shares during the period. Aspen Wealth Strategies LLC purchased a new stake in Teradyne during the third quarter worth approximately $577,000. Assenagon Asset Management S.A. boosted its holdings in Teradyne by 3,233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after purchasing an additional 882,723 shares in the last quarter. Finally, Gouws Capital LLC boosted its holdings in Teradyne by 96.0% in the fourth quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after purchasing an additional 7,505 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In related news, insider Shannon John Poulin sold 656 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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, CEO Gregory Stephen Smith sold 8,597 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares in the company, valued at $42,192,840.60. This trade represents a 6.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,941 shares of company stock valued at $3,751,992 over the last quarter. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TER shares. UBS Group upped their price target on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Stifel Nicolaus upped their price target on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Robert W. Baird set a $350.00 price target on Teradyne in a report on Thursday, April 30th. Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $339.80.

Teradyne Stock Performance

Teradyne stock opened at $389.14 on Wednesday. The firm has a market capitalization of $60.92 billion, a price-to-earnings ratio of 72.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $77.02 and a fifty-two week high of $422.11. The stock’s fifty day moving average is $343.65 and its two-hundred day moving average is $272.99.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating 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 return on equity of 31.79% and a net margin of 22.55%.Teradyne’s revenue was up 87.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, sell-side analysts forecast that Teradyne, Inc. will post 7.09 EPS for the current fiscal year.

Teradyne Increases Dividend

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

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.