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

Exchange Capital Management Inc. lifted its position in Teradyne, Inc. (NASDAQ:TER) by 7.4% during the 1st quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TER. CVA Family Office LLC bought a new stake in Teradyne during the 4th quarter worth about $33,000. American National Bank bought a new stake in Teradyne during the 4th quarter worth about $37,000. Cambridge Trust Co. bought a new stake in Teradyne during the 4th quarter worth about $38,000. Mather Group LLC. bought a new stake in Teradyne during the 1st quarter worth about $53,000. Finally, Advantage Trust Co bought a new stake in Teradyne during the 4th quarter worth about $54,000. Institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the transaction, the director now directly owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 3,750 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the transaction, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders sold 10,005 shares of company stock valued at $1,304,763 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Teradyne Stock Performance

Shares of TER stock opened at $149.60 on Wednesday. The company has a market capitalization of $23.35 billion, a P/E ratio of 56.88, a price-to-earnings-growth ratio of 2.80 and a beta of 1.50. The company’s 50 day moving average price is $136.07 and its two-hundred day moving average price is $115.89. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $152.23.

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

Teradyne Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on TER. JPMorgan Chase & Co. upped their target price on shares of Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. The Goldman Sachs Group upped their target price on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Evercore ISI began coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research report on Thursday, April 25th. Finally, Susquehanna upped their target price on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

About Teradyne

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.