DE Burlo Group Inc. Sells 166,575 Shares of Teradyne, Inc. $TER

DE Burlo Group Inc. decreased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 95.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,495 shares of the company’s stock after selling 166,575 shares during the period. DE Burlo Group Inc.’s holdings in Teradyne were worth $1,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Eventide Asset Management LLC bought a new position in shares of Teradyne during the fourth quarter valued at approximately $7,488,000. Element Wealth LLC bought a new position in shares of Teradyne during the fourth quarter valued at approximately $224,000. Entropy Technologies LP bought a new position in shares of Teradyne during the fourth quarter valued at approximately $7,120,000. Ariadne Wealth Management LP bought a new position in shares of Teradyne during the fourth quarter valued at approximately $142,000. Finally, Artemis Wealth Advisors LLC bought a new position in shares of Teradyne during the fourth quarter valued at approximately $1,452,000. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In related 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 sale, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the firm’s stock in a transaction that occurred on 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 position. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders have sold 10,941 shares of company stock worth $3,751,992. 0.19% of the stock is owned by insiders.

Teradyne Stock Up 5.7%

NASDAQ:TER opened at $403.20 on Friday. The company’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 price-to-earnings ratio of 74.67, a PEG ratio of 1.66 and a beta of 1.79.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.45. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 87.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on TER. Susquehanna raised their target price on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a report on Thursday, April 30th. Evercore set a $370.00 price target on shares of Teradyne in a report on Thursday, April 30th. Citigroup increased their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Cantor Fitzgerald increased their price target on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $339.80.

Teradyne 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.