7,500 Shares in Teradyne, Inc. $TER Acquired by Artemis Wealth Advisors LLC

by · The Markets Daily

Artemis Wealth Advisors LLC bought a new position in Teradyne, Inc. (NASDAQ:TER – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 7,500 shares of the company’s stock, valued at approximately $1,452,000. Teradyne comprises about 0.2% of Artemis Wealth Advisors LLC’s holdings, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its holdings in shares of Teradyne by 12.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after buying an additional 468 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Teradyne during the 1st quarter worth $297,000. Cresset Asset Management LLC increased its holdings in shares of Teradyne by 11.6% during the 2nd quarter. Cresset Asset Management LLC now owns 6,759 shares of the company’s stock worth $608,000 after buying an additional 702 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Teradyne by 467.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,408 shares of the company’s stock worth $306,000 after buying an additional 2,807 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Teradyne by 5.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 75,125 shares of the company’s stock worth $6,755,000 after buying an additional 3,651 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Teradyne

In other news, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction 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. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total transaction of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. The trade was 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. Over the last three months, insiders have sold 10,941 shares of company stock valued at $3,751,992. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Up 5.7%

Shares of TER stock opened at $403.20 on Friday. The stock has a market cap of $63.12 billion, a price-to-earnings ratio of 74.67, a price-to-earnings-growth ratio of 1.66 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $83.00 and a fifty-two week high of $422.11. The firm’s 50 day moving average price is $364.24 and its two-hundred day moving average price is $291.25.

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

Teradyne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, May 21st. This is an increase from Teradyne’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s dividend payout ratio is presently 9.63%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TER. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Cantor Fitzgerald lifted their price target on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Morgan Stanley set a $387.00 price target on shares of Teradyne in a research report on Thursday, April 30th. Robert W. Baird set a $350.00 price target on shares of Teradyne in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Get Our Latest Research Report on Teradyne

Teradyne Profile

(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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