Asset Management One Co. Ltd. raised its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,657 shares of the company’s stock after purchasing an additional 2,045 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Teradyne were worth $6,353,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. FNY Investment Advisers LLC boosted its holdings in shares of Teradyne by 167.4% in the 2nd quarter. FNY Investment Advisers LLC now owns 5,263 shares of the company’s stock valued at $473,000 after purchasing an additional 3,295 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Teradyne by 48.0% in the 2nd quarter. Whittier Trust Co. now owns 987 shares of the company’s stock valued at $89,000 after purchasing an additional 320 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Teradyne by 42.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 5,209 shares of the company’s stock valued at $485,000 after purchasing an additional 1,552 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Teradyne in the 2nd quarter valued at $1,906,000. Finally, Stanley Laman Group Ltd. acquired a new position in shares of Teradyne in the 2nd quarter valued at $5,583,000. Institutional investors and hedge funds own 99.77% of the company’s stock.
Teradyne Stock Performance
TER opened at $144.38 on Wednesday. The company has a market capitalization of $22.97 billion, a P/E ratio of 49.96, a PEG ratio of 3.09 and a beta of 1.82. The company has a 50-day moving average of $129.26 and a 200-day moving average of $102.28. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $150.71.
Teradyne Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 5th. Teradyne’s dividend payout ratio is currently 16.61%.
Insider Buying and Selling at Teradyne
In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $145.24, for a total transaction of $160,925.92. Following the completion of the sale, the chief executive officer owned 94,777 shares of the company’s stock, valued at $13,765,411.48. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 2,770 shares of company stock worth $353,380. 0.16% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Industrial Alliance Securities set a $175.00 target price on shares of Teradyne in a report on Tuesday. UBS Group lifted their target price on shares of Teradyne from $130.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 20th. The Goldman Sachs Group lifted their target price on shares of Teradyne from $85.00 to $130.00 and gave the company a “sell” rating in a report on Thursday, October 9th. Evercore ISI lifted their target price on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 target price (up previously from $88.00) on shares of Teradyne in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.25.
View Our Latest Research Report on TER
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.
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