Sequoia Financial Advisors LLC Grows Stake in Teradyne, Inc. (NASDAQ:TER)

Sequoia Financial Advisors LLC lifted its stake in Teradyne, Inc. (NASDAQ:TER) by 175.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,902 shares of the company’s stock after acquiring an additional 3,760 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Teradyne were worth $641,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC lifted its position in shares of Teradyne by 8,125.5% during the fourth quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock worth $14,443,000 after purchasing an additional 131,470 shares in the last quarter. Raymond James & Associates lifted its holdings in Teradyne by 3.8% in the 4th quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock worth $48,680,000 after buying an additional 16,595 shares in the last quarter. Value Aligned Research Advisors LLC purchased a new position in Teradyne in the 4th quarter valued at about $2,981,000. Bank of New York Mellon Corp boosted its position in Teradyne by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,632,831 shares of the company’s stock valued at $164,034,000 after buying an additional 47,889 shares during the last quarter. Finally, UBS Group AG grew its stake in Teradyne by 38.1% during the 3rd quarter. UBS Group AG now owns 370,331 shares of the company’s stock valued at $37,203,000 after purchasing an additional 102,090 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TER has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $111.91.

Insider Activity

In related news, CFO Sanjay Mehta sold 1,083 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total value of $120,158.85. Following the sale, the chief financial officer now owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of Teradyne stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the transaction, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sanjay Mehta sold 1,083 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $110.95, for a total value of $120,158.85. Following the completion of the transaction, the chief financial officer now directly owns 45,107 shares of the company’s stock, valued at approximately $5,004,621.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,797 shares of company stock valued at $1,248,237. 0.18% of the stock is currently owned by company insiders.

Teradyne Stock Performance

NASDAQ TER opened at $104.42 on Tuesday. Teradyne, Inc. has a one year low of $81.07 and a one year high of $119.20. The company has a 50-day simple moving average of $105.21 and a 200-day simple moving average of $100.36. The firm has a market capitalization of $15.97 billion, a PE ratio of 38.25 and a beta of 1.56.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $670.60 million during the quarter, compared to the consensus estimate of $674.99 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. Teradyne’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. Equities analysts forecast that Teradyne, Inc. will post 2.95 earnings per share for the current year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.46%. This is a boost from Teradyne’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, February 15th. Teradyne’s dividend payout ratio (DPR) is presently 17.58%.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.