Entropy Technologies LP Acquires Shares of 36,787 Teradyne, Inc. $TER

Entropy Technologies LP acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TER) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 36,787 shares of the company’s stock, valued at approximately $7,120,000.

Several other large investors have also bought and sold shares of the company. UMB Bank n.a. boosted its position in Teradyne by 1.8% during the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock valued at $444,000 after acquiring an additional 40 shares in the last quarter. Stephens Inc. AR boosted its position in Teradyne by 1.2% during the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after acquiring an additional 41 shares in the last quarter. Sapient Capital LLC boosted its position in Teradyne by 1.5% during the 4th quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock valued at $560,000 after acquiring an additional 43 shares in the last quarter. IFP Advisors Inc boosted its position in Teradyne by 2.1% during the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $529,000 after acquiring an additional 57 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Teradyne by 1.1% during the 4th quarter. Quadrant Capital Group LLC now owns 5,546 shares of the company’s stock valued at $1,073,000 after acquiring an additional 59 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $42,192,840.60. The trade was a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 business’s stock in a transaction that occurred on Thursday, May 7th. The stock was 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 approximately $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. Insiders have sold a total of 10,941 shares of company stock valued at $3,751,992 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TER shares. Morgan Stanley set a $387.00 price objective on Teradyne in a research report on Thursday, April 30th. Robert W. Baird set a $350.00 price objective on Teradyne in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised 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. Susquehanna lifted their price objective on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research report on Thursday, April 9th. Finally, Citigroup boosted their price target on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research report 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $339.80.

Teradyne Stock Up 5.7%

Shares of TER opened at $403.20 on Friday. The business’s 50 day moving average price is $364.24 and its 200-day moving average price is $291.25. Teradyne, Inc. has a 52 week low of $83.00 and a 52 week high of $422.11. The stock has a market cap of $63.12 billion, a P/E ratio of 74.67, a P/E/G ratio of 1.66 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 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 firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was up 87.0% compared to the same quarter last year. On average, equities analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 21st. 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. Teradyne’s payout ratio is presently 9.63%.

Teradyne Company 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.