Rakuten Investment Management Inc. Purchases Shares of 57,937 Teradyne, Inc. $TER

Rakuten Investment Management Inc. purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 57,937 shares of the company’s stock, valued at approximately $26,837,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Teradyne in the fourth quarter worth approximately $28,000. Community Financial Services Group LLC bought a new stake in Teradyne during the second quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new stake in Teradyne during the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC grew its stake in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after buying an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Teradyne in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of Teradyne stock opened at $354.97 on Friday. Teradyne, Inc. has a 52-week low of $109.56 and a 52-week high of $487.91. The company has a fifty day moving average of $380.37 and a 200-day moving average of $356.92. The stock has a market capitalization of $55.50 billion, a price-to-earnings ratio of 48.69, a price-to-earnings-growth ratio of 0.75 and a beta of 1.78.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s revenue was up 103.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. On average, equities research analysts forecast that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.13 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s payout ratio is currently 7.13%.

Wall Street Analyst Weigh In

TER has been the topic of several research reports. Susquehanna raised their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Robert W. Baird restated a “neutral” rating and set a $420.00 price target on shares of Teradyne in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. The trade was a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Teradyne Company Profile

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.