IFM Investors Pty Ltd Has $9.29 Million Position in Teradyne, Inc. $TER

IFM Investors Pty Ltd boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,350 shares of the company’s stock after acquiring an additional 1,490 shares during the quarter. IFM Investors Pty Ltd’s holdings in Teradyne were worth $9,294,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its position in Teradyne by 1.8% in the fourth quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after acquiring an additional 40 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of 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 purchasing an additional 41 shares in the last quarter. Sapient Capital LLC raised its holdings in shares of 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 purchasing an additional 43 shares in the last quarter. Truvestments Capital LLC raised its holdings in shares of Teradyne by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 1,440 shares of the company’s stock valued at $279,000 after purchasing an additional 53 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Teradyne by 2.1% in the 4th quarter. IFP Advisors Inc now owns 2,731 shares of the company’s stock valued at $529,000 after purchasing an additional 57 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. 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. Bank of America upped their price target on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group increased their price objective on Teradyne from $300.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Morgan Stanley set a $387.00 price objective on Teradyne in a research note on Thursday, April 30th. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $382.87.

Insider Buying and Selling

In other news, insider Shannon John Poulin sold 1,008 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider directly owned 15,066 shares in the company, valued at $5,203,344.42. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a 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. 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 on Friday, May 15th. The shares were sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the completion of the sale, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders sold 14,941 shares of company stock valued at $5,444,112. Insiders own 0.19% of the company’s stock.

Teradyne Trading Down 13.6%

NASDAQ:TER opened at $369.09 on Friday. The firm has a market capitalization of $57.78 billion, a PE ratio of 68.35, a PEG ratio of 1.24 and a beta of 1.74. Teradyne, Inc. has a 1 year low of $88.60 and a 1 year high of $487.91. The firm’s fifty day simple moving average is $386.91 and its 200 day simple moving average is $316.11.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The business’s revenue was up 87.0% on a year-over-year basis. As a group, analysts anticipate that Teradyne, Inc. will post 7.2 EPS 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 dividend of $0.13 per share. The ex-dividend date of this dividend 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%.

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.