Wealthfront Advisers LLC Grows Stock Holdings in Teradyne, Inc. $TER

Wealthfront Advisers LLC grew its holdings in Teradyne, Inc. (NASDAQ:TER) by 9.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,078 shares of the company’s stock after buying an additional 2,742 shares during the quarter. Wealthfront Advisers LLC’s holdings in Teradyne were worth $9,510,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of 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 buying an additional 40 shares in the last quarter. Stephens Inc. AR increased its holdings in Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock worth $645,000 after acquiring an additional 41 shares in the last quarter. Sapient Capital LLC raised its position in Teradyne by 1.5% during the fourth quarter. Sapient Capital LLC now owns 2,849 shares of the company’s stock worth $560,000 after acquiring an additional 43 shares during the period. Whittier Trust Co. raised its position in Teradyne by 5.5% during the first quarter. Whittier Trust Co. now owns 827 shares of the company’s stock worth $261,000 after acquiring an additional 43 shares during the period. Finally, Truvestments Capital LLC lifted its holdings in Teradyne by 3.8% during the fourth 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. 99.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TER shares. Evercore set a $370.00 target price on shares of Teradyne in a research report on Thursday, April 30th. The Goldman Sachs Group upped their price target on shares of Teradyne from $350.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price target on the stock in a research note on Thursday, April 30th. Stifel Nicolaus lifted their price objective on Teradyne from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Citigroup boosted their price objective on Teradyne from $325.00 to $400.00 and gave the stock a “buy” rating in a research note 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 given a Hold rating to the stock. According to MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $390.53.

Teradyne Stock Up 0.0%

Shares of TER opened at $322.36 on Friday. Teradyne, Inc. has a 52-week low of $89.18 and a 52-week high of $487.91. The firm’s fifty day moving average is $382.06 and its two-hundred day moving average is $327.17. The stock has a market cap of $50.46 billion, a PE ratio of 59.70, a price-to-earnings-growth ratio of 0.93 and a beta of 1.74.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion during 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 company’s revenue for the quarter was up 87.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, research analysts anticipate that Teradyne, Inc. will post 7.2 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently declared 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 was Thursday, May 21st. This is a boost from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 9.63%.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total transaction of $1,692,120.00. Following the completion of the sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at approximately $50,962,424.10. This represents a 3.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock in a transaction dated Friday, May 22nd. The shares were 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 of the company’s stock, valued at approximately $5,581,310. The trade was a 4.01% decrease in their position. 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. In the last quarter, insiders sold 14,941 shares of company stock valued at $5,444,112. Corporate insiders own 0.19% of the company’s stock.

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.