Vanguard Group Inc. Acquires 50,546 Shares of Teradyne, Inc. $TER

Vanguard Group Inc. increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 20,972,777 shares of the company’s stock after acquiring an additional 50,546 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of Teradyne worth $1,885,872,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its position in Teradyne by 6.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 86,487 shares of the company’s stock worth $7,777,000 after buying an additional 5,574 shares during the period. Citigroup Inc. grew its stake in shares of Teradyne by 19.7% in the second quarter. Citigroup Inc. now owns 1,112,267 shares of the company’s stock worth $100,015,000 after acquiring an additional 182,691 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Teradyne by 2.6% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,472 shares of the company’s stock worth $7,506,000 after acquiring an additional 2,116 shares during the period. Generali Investments Management Co LLC raised its stake in Teradyne by 345.0% during the 2nd quarter. Generali Investments Management Co LLC now owns 13,331 shares of the company’s stock valued at $1,197,000 after purchasing an additional 10,335 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Teradyne by 17.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 28,123 shares of the company’s stock valued at $2,529,000 after purchasing an additional 4,229 shares during the period. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TER shares. Industrial Alliance Securities set a $175.00 price target on shares of Teradyne in a research report on Tuesday, October 28th. Bank of America upgraded Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Wednesday, October 29th. The Goldman Sachs Group upped their price target on Teradyne from $130.00 to $148.00 and gave the company a “sell” rating in a report on Thursday, October 30th. Susquehanna reiterated a “positive” rating and issued a $215.00 price objective on shares of Teradyne in a research report on Thursday, October 30th. Finally, Citigroup boosted their price objective on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $171.25.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total transaction of $199,661.60. Following the completion of the sale, the chief executive officer owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. This trade represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 3,324 shares of company stock valued at $494,318 in the last quarter. 0.16% of the stock is owned by insiders.

Teradyne Price Performance

Teradyne stock opened at $158.91 on Friday. The business has a 50 day simple moving average of $150.06 and a 200 day simple moving average of $114.67. The company has a market capitalization of $24.89 billion, a PE ratio of 57.79, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90. Teradyne, Inc. has a one year low of $65.77 and a one year high of $191.56.

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

Teradyne Dividend Announcement

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

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.