Teradyne, Inc. $TER Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP reduced its position in Teradyne, Inc. (NASDAQ:TERFree Report) by 29.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,725 shares of the company’s stock after selling 13,000 shares during the quarter. Cinctive Capital Management LP’s holdings in Teradyne were worth $6,141,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in Teradyne in the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Teradyne in the 4th quarter valued at $37,000. True Wealth Design LLC increased its stake in Teradyne by 49.6% in the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $41,000 after buying an additional 70 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new position in Teradyne in the 4th quarter valued at $41,000. Finally, DV Equities LLC acquired a new position in Teradyne in the 4th quarter valued at $42,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, the chief executive officer directly owned 120,470 shares in the company, valued at $50,962,424.10. The trade was a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the business’s 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 completion of the sale, the insider owned 15,722 shares in the company, valued at $5,581,310. This represents a 4.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 14,941 shares of company stock worth $5,444,112 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $408.56 on Thursday. The firm has a market capitalization of $63.96 billion, a P/E ratio of 75.66, a PEG ratio of 1.68 and a beta of 1.79. Teradyne, Inc. has a one year low of $84.24 and a one year high of $440.75. The company’s fifty day moving average is $370.55 and its two-hundred day moving average is $297.23.

Teradyne (NASDAQ:TERGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping 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 net margin of 22.55% and a return on equity of 31.79%. The business’s revenue was up 87.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. On average, sell-side analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were given a $0.13 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. This is a boost from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is presently 9.63%.

Key Headlines Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

Analyst Upgrades and Downgrades

TER has been the topic of several recent research reports. Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Evercore set a $370.00 target price on shares of Teradyne in a research report on Thursday, April 30th. The Goldman Sachs Group boosted their target price on shares of Teradyne from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, UBS Group boosted their target price on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $339.80.

View Our Latest Stock Report on TER

Teradyne Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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