Catalyst Funds Management Pty Ltd Sells 1,800 Shares of Teradyne, Inc. $TER

by · The Cerbat Gem

Catalyst Funds Management Pty Ltd cut its holdings in Teradyne, Inc. (NASDAQ:TER – Free Report) by 27.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,800 shares of the company’s stock after selling 1,800 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Teradyne were worth $929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TER. Root Financial Partners LLC bought a new position in Teradyne in the 3rd quarter valued at approximately $31,000. Davidson Capital Management Inc. bought a new position in Teradyne in the 3rd quarter valued at approximately $31,000. CYBER HORNET ETFs LLC bought a new position in Teradyne in the 2nd quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Teradyne in the 4th quarter valued at approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Teradyne in the 3rd quarter valued at approximately $41,000. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the transaction, the vice president directly owned 7,665 shares of the company’s stock, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the completion of the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. This represents a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TER shares. Susquehanna increased their price target on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Robert W. Baird set a $350.00 price target on Teradyne in a report on Thursday, April 30th. UBS Group increased their price target on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Morgan Stanley set a $387.00 price target on Teradyne in a report on Thursday, April 30th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $339.80.

Check Out Our Latest Research Report on TER

Teradyne Price Performance

NASDAQ TER opened at $358.44 on Friday. The business’s fifty day moving average price is $340.16 and its 200-day moving average price is $269.68. The stock has a market capitalization of $56.11 billion, a price-to-earnings ratio of 66.38, a PEG ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a 1-year low of $75.99 and a 1-year high of $422.11.

Teradyne (NASDAQ:TER – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm earned $0.75 EPS. The company’s revenue was up 87.0% compared to the same quarter last year. Equities research analysts anticipate that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is 9.63%.

About Teradyne

(Free Report)

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.

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