Senvest Management LLC Purchases Shares of 41,605 Teradyne, Inc. $TER

Senvest Management LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,605 shares of the company’s stock, valued at approximately $3,741,000.

Other institutional investors have also recently bought and sold shares of the company. Manchester Capital Management LLC lifted its position in shares of Teradyne by 44.7% in the 1st quarter. Manchester Capital Management LLC now owns 453 shares of the company’s stock valued at $37,000 after acquiring an additional 140 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Teradyne by 189.9% during the first quarter. Brooklyn Investment Group now owns 461 shares of the company’s stock valued at $38,000 after buying an additional 302 shares in the last quarter. Steph & Co. acquired a new position in Teradyne during the second quarter valued at $43,000. Bayforest Capital Ltd lifted its stake in Teradyne by 195.5% in the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock worth $47,000 after acquiring an additional 346 shares in the last quarter. Finally, Quaker Wealth Management LLC boosted its position in Teradyne by 200.9% during the 2nd quarter. Quaker Wealth Management LLC now owns 639 shares of the company’s stock worth $57,000 after acquiring an additional 1,272 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the subject of several research reports. Bank of America upgraded shares of Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target for the company in a report on Wednesday, October 29th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup raised their price target on Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group increased their price objective on Teradyne from $130.00 to $148.00 and gave the stock a “sell” rating in a report on Thursday, October 30th. Finally, Morgan Stanley increased their price target on shares of Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $171.25.

Teradyne Stock Performance

Teradyne stock opened at $167.44 on Tuesday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $191.56. The firm has a market capitalization of $26.22 billion, a PE ratio of 60.89, a PEG ratio of 3.64 and a beta of 1.90. The business’s 50-day simple moving average is $146.34 and its 200-day simple moving average is $112.79.

Teradyne (NASDAQ:TER) last released its earnings results 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 firm had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. During the same quarter last year, the firm posted $0.90 EPS. The company’s revenue was up 4.3% on a year-over-year basis. Research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, November 24th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total transaction of $199,661.60. Following the transaction, the chief executive officer directly owned 94,517 shares in the company, valued at $17,031,963.40. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 3,324 shares of company stock worth $494,318 over the last 90 days. 0.16% of the stock is owned by company insiders.

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.