Teradyne, Inc. $TER Shares Sold by Carmel Capital Management L.L.C.

Carmel Capital Management L.L.C. decreased its position in Teradyne, Inc. (NASDAQ:TER) by 16.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,064 shares of the company’s stock after selling 9,720 shares during the quarter. Teradyne comprises 4.3% of Carmel Capital Management L.L.C.’s investment portfolio, making the stock its 9th largest holding. Carmel Capital Management L.L.C.’s holdings in Teradyne were worth $14,842,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its holdings in Teradyne by 25.2% during the third 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 in the last quarter. Nordea Investment Management AB boosted its stake in shares of Teradyne by 656.4% during the 4th quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock worth $24,554,000 after acquiring an additional 108,745 shares in the last quarter. Gouws Capital LLC increased its holdings in shares of Teradyne by 96.0% during the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after acquiring an additional 7,505 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Teradyne by 3,233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after acquiring an additional 882,723 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of Teradyne by 56.0% in the 4th quarter. Wealthfront Advisers LLC now owns 29,336 shares of the company’s stock valued at $5,678,000 after acquiring an additional 10,526 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president directly owned 7,665 shares in the company, valued at $2,894,304. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the transaction, the chief executive officer owned 124,470 shares in the company, valued at approximately $42,192,840.60. The trade was a 6.46% 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. Over the last quarter, insiders have sold 14,941 shares of company stock valued at $5,444,112. 0.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on TER. Robert W. Baird boosted their target price on Teradyne from $350.00 to $446.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Evercore set a $370.00 price target on Teradyne in a report on Thursday, April 30th. UBS Group lifted their price target on shares of Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Bank of America boosted their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Citigroup upped their price objective on shares of Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One equities 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 has an average rating of “Moderate Buy” and an average target price of $382.87.

Teradyne Stock Up 4.5%

Shares of NASDAQ:TER opened at $483.84 on Wednesday. The business has a 50 day moving average price of $386.08 and a 200 day moving average price of $313.30. Teradyne, Inc. has a twelve month low of $88.60 and a twelve month high of $487.91. The company has a market cap of $75.74 billion, a price-to-earnings ratio of 89.60, a PEG ratio of 1.34 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 the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 87.0% on a year-over-year basis. Analysts anticipate that Teradyne, Inc. will post 7.2 EPS 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 given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, May 21st. 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.