Congress Wealth Management LLC DE Boosts Holdings in Teradyne, Inc. (NASDAQ:TER)

Congress Wealth Management LLC DE boosted its position in shares of Teradyne, Inc. (NASDAQ:TER) by 102.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,906 shares of the company’s stock after purchasing an additional 5,530 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Teradyne were worth $1,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of Teradyne by 59.9% during the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock valued at $620,552,000 after purchasing an additional 1,846,079 shares in the last quarter. Raymond James Financial Inc. bought a new position in Teradyne during the 4th quarter valued at about $160,087,000. Assenagon Asset Management S.A. boosted its holdings in shares of Teradyne by 1,767.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 923,068 shares of the company’s stock valued at $116,233,000 after acquiring an additional 873,626 shares during the last quarter. Alkeon Capital Management LLC grew its stake in shares of Teradyne by 189.6% in the third quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after acquiring an additional 749,003 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Teradyne during the third quarter valued at approximately $91,129,000. 99.77% of the stock is currently owned by institutional investors.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard John Burns sold 407 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $49,047.57. Following the transaction, the insider now directly owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. The trade was a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TER shares. Susquehanna dropped their target price on shares of Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a report on Wednesday, March 12th. Vertical Research began coverage on Teradyne in a report on Friday, March 7th. They issued a “buy” rating and a $135.00 price objective for the company. Stifel Nicolaus lowered their target price on Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, March 12th. Bank of America cut their price target on Teradyne from $100.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Finally, Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.44.

Teradyne Stock Performance

Shares of Teradyne stock opened at $85.68 on Friday. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The company has a market capitalization of $13.86 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.83 and a beta of 1.46. The company has a fifty day moving average of $109.02 and a 200 day moving average of $117.77.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s payout ratio is currently 14.41%.

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.