Shell Asset Management Co. Acquires 10,760 Shares of Teradyne, Inc. (NASDAQ:TER)

Shell Asset Management Co. grew its holdings in Teradyne, Inc. (NASDAQ:TERFree Report) by 384.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,562 shares of the company’s stock after acquiring an additional 10,760 shares during the quarter. Shell Asset Management Co.’s holdings in Teradyne were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Thematics Asset Management raised its stake in shares of Teradyne by 21.8% in the fourth quarter. Thematics Asset Management now owns 150,268 shares of the company’s stock valued at $16,307,000 after purchasing an additional 26,873 shares in the last quarter. Prudential PLC raised its stake in shares of Teradyne by 10.3% in the fourth quarter. Prudential PLC now owns 8,212 shares of the company’s stock valued at $891,000 after purchasing an additional 768 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in shares of Teradyne in the fourth quarter valued at $445,000. Morningstar Investment Services LLC raised its stake in shares of Teradyne by 73.3% in the fourth quarter. Morningstar Investment Services LLC now owns 74,311 shares of the company’s stock valued at $8,207,000 after purchasing an additional 31,425 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in shares of Teradyne by 70.4% in the fourth quarter. Pinebridge Investments L.P. now owns 66,714 shares of the company’s stock valued at $7,241,000 after purchasing an additional 27,566 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Activity at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now owns 18,393 shares in the company, valued at $2,645,649.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the transaction, the director now owns 18,393 shares in the company, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock worth $1,304,763 over the last 90 days. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on TER shares. The Goldman Sachs Group upped their target price on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Susquehanna increased their price objective on Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Evercore ISI began coverage on Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective for the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus price target of $122.17.

Read Our Latest Research Report on TER

Teradyne Stock Performance

Shares of NASDAQ:TER opened at $143.08 on Tuesday. Teradyne, Inc. has a twelve month low of $81.07 and a twelve month high of $146.52. The firm has a market cap of $22.34 billion, a PE ratio of 54.40, a price-to-earnings-growth ratio of 2.66 and a beta of 1.51. The business has a fifty day moving average of $122.36 and a 200-day moving average of $109.92.

Teradyne (NASDAQ:TERGet Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. On average, analysts anticipate that Teradyne, Inc. will post 3.04 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 22nd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.34%. The ex-dividend date is Tuesday, May 21st. Teradyne’s dividend payout ratio is 18.25%.

Teradyne Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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