Stanley Laman Group Ltd. Purchases New Stake in Teradyne, Inc. (NASDAQ:TER)

Stanley Laman Group Ltd. purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,272 shares of the company’s stock, valued at approximately $520,000.

Other institutional investors have also bought and sold shares of the company. Vontobel Asset Management Inc. raised its holdings in Teradyne by 158.8% during the fourth quarter. Vontobel Asset Management Inc. now owns 2,171,789 shares of the company’s stock worth $270,490,000 after purchasing an additional 1,332,769 shares during the last quarter. Morgan Stanley raised its holdings in Teradyne by 81.2% during the fourth quarter. Morgan Stanley now owns 1,729,610 shares of the company’s stock worth $207,363,000 after purchasing an additional 775,186 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Teradyne by 6.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,677,873 shares of the company’s stock worth $201,159,000 after purchasing an additional 97,008 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Teradyne by 80.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,557,915 shares of the company’s stock worth $189,567,000 after acquiring an additional 696,575 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Teradyne by 31.3% in the fourth quarter. Nordea Investment Management AB now owns 1,525,203 shares of the company’s stock worth $182,857,000 after acquiring an additional 363,652 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

In related news, Director Edwin J. Gillis sold 19,015 shares of the business’s stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $111.29, for a total value of $2,116,179.35. Following the transaction, the director now owns 22,633 shares in the company, valued at $2,518,826.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark E. Jagiela sold 90,545 shares of the business’s stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $114.38, for a total value of $10,356,537.10. Following the completion of the transaction, the chief executive officer now owns 281,413 shares in the company, valued at approximately $32,188,018.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,672 shares of company stock worth $14,488,401. Insiders own 0.62% of the company’s stock.

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $150.00 price target (up from $128.00) on shares of Teradyne in a report on Monday, January 18th. Citigroup boosted their price target on Teradyne from $107.00 to $162.00 in a report on Monday, January 25th. Morgan Stanley boosted their price target on Teradyne from $138.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, May 5th. Rosenblatt Securities boosted their price target on Teradyne from $158.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, May 6th. Finally, DA Davidson cut their price target on Teradyne from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, January 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $127.56.

TER stock opened at $122.35 on Monday. The stock has a 50-day moving average price of $126.70 and a two-hundred day moving average price of $123.85. Teradyne, Inc. has a 12-month low of $56.42 and a 12-month high of $147.90. The company has a current ratio of 3.34, a quick ratio of 3.05 and a debt-to-equity ratio of 0.20. The company has a market cap of $20.34 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 1.14 and a beta of 1.35.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Tuesday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.06. Teradyne had a return on equity of 44.90% and a net margin of 24.02%. The firm had revenue of $782.00 million during the quarter, compared to the consensus estimate of $760.43 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 4.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 18th. Investors of record on Wednesday, May 26th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, May 25th. Teradyne’s dividend payout ratio (DPR) is 13.99%.

About Teradyne

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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