Exchange Capital Management Inc. Buys 275 Shares of Teradyne, Inc. (NASDAQ:TER)

Exchange Capital Management Inc. grew its stake in Teradyne, Inc. (NASDAQ:TER) by 7.4% during the 1st quarter, HoldingsChannel reports. The fund owned 4,011 shares of the company’s stock after purchasing an additional 275 shares during the quarter. Exchange Capital Management Inc.’s holdings in Teradyne were worth $453,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Teradyne by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 18,285,900 shares of the company’s stock worth $1,984,386,000 after acquiring an additional 89,511 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Teradyne by 26.9% in the fourth quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after acquiring an additional 923,612 shares in the last quarter. Boston Partners lifted its holdings in shares of Teradyne by 23.2% during the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock valued at $314,324,000 after purchasing an additional 544,482 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Teradyne by 3.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock valued at $246,210,000 after purchasing an additional 68,924 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Teradyne during the fourth quarter valued at $188,873,000. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TER. The Goldman Sachs Group upped their price target on Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. UBS Group upped their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Evercore ISI assumed coverage on Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. Susquehanna increased their target price on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. Finally, Robert W. Baird increased their target price on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.85.

Insider Buying and Selling

In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the transaction, the director now directly owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 5,005 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $137.64, for a total value of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares of the company’s stock, valued at $2,997,799.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,005 shares of company stock worth $1,304,763. 0.18% of the stock is owned by corporate insiders.

Teradyne Stock Up 1.2 %

Shares of TER opened at $149.60 on Wednesday. The business has a 50-day simple moving average of $136.07 and a two-hundred day simple moving average of $115.89. The stock has a market cap of $23.35 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 2.80 and a beta of 1.50. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $152.23.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Teradyne, Inc. will post 3.04 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Tuesday, May 21st. Teradyne’s dividend payout ratio is currently 18.25%.

Teradyne 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.