Marex Group plc Makes New Investment in Teradyne, Inc. $TER

Marex Group plc bought a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, Holdings Channel reports. The fund bought 2,637 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of Nova Scotia increased its holdings in Teradyne by 546.5% during the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after purchasing an additional 83,055 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Teradyne by 3.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock worth $24,908,000 after buying an additional 9,094 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Teradyne by 73.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock worth $412,000 after buying an additional 1,939 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Teradyne by 17.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock valued at $11,893,000 after acquiring an additional 21,219 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Teradyne by 231.5% in the second quarter. QRG Capital Management Inc. now owns 106,567 shares of the company’s stock valued at $9,583,000 after acquiring an additional 74,417 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 3,878 shares of company stock valued at $653,659. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the subject of several research analyst reports. Wall Street Zen raised shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Monday, September 1st. JPMorgan Chase & Co. boosted their price objective on Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Evercore ISI increased their target price on Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. UBS Group lifted their target price on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and an average target price of $185.75.

Teradyne Trading Down 1.2%

NASDAQ:TER opened at $192.29 on Wednesday. The stock has a 50 day moving average of $169.78 and a 200-day moving average of $128.34. The firm has a market capitalization of $30.11 billion, a PE ratio of 69.92, a price-to-earnings-growth ratio of 2.03 and a beta of 1.85. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $205.00.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The business had revenue of $769.21 million during the quarter, compared to analyst estimates of $744.20 million. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is 17.45%.

Teradyne Company 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.