Bourgeon Capital Management LLC Sells 9,833 Shares of Teradyne, Inc. $TER

Bourgeon Capital Management LLC reduced its position in shares of Teradyne, Inc. (NASDAQ:TER) by 21.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,448 shares of the company’s stock after selling 9,833 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Teradyne were worth $7,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TER. Huntington National Bank boosted its stake in shares of Teradyne by 1.8% in the 3rd quarter. Huntington National Bank now owns 3,566 shares of the company’s stock valued at $491,000 after purchasing an additional 64 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Teradyne by 5.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock worth $181,000 after buying an additional 69 shares during the period. True Wealth Design LLC raised its stake in shares of Teradyne by 49.6% during the fourth quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after buying an additional 70 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Teradyne by 3.0% during the fourth quarter. Wedmont Private Capital now owns 2,576 shares of the company’s stock worth $499,000 after buying an additional 74 shares during the last quarter. Finally, Hemington Wealth Management lifted its holdings in Teradyne by 43.2% in the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Price Performance

Teradyne stock opened at $296.46 on Wednesday. The firm has a market capitalization of $46.41 billion, a price-to-earnings ratio of 85.19, a PEG ratio of 1.71 and a beta of 1.76. The company’s 50 day simple moving average is $292.97 and its 200 day simple moving average is $215.69. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $344.92.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.36 by $0.44. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. The business’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. As a group, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were given a $0.12 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is currently 14.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TER. Vertical Research cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Friday, January 9th. Citigroup upped their target price on shares of Teradyne from $215.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research note on Thursday, January 22nd. UBS Group raised their price target on Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $275.53.

Teradyne Profile

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.