Pacer Advisors Inc. Has $3.33 Million Stock Position in Teradyne, Inc. $TER

Pacer Advisors Inc. reduced its holdings in Teradyne, Inc. (NASDAQ:TER) by 95.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,175 shares of the company’s stock after selling 511,511 shares during the period. Pacer Advisors Inc.’s holdings in Teradyne were worth $3,327,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TER. CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne in the second quarter worth $35,000. Steph & Co. acquired a new stake in Teradyne in the 2nd quarter worth $43,000. MUFG Securities EMEA plc bought a new position in shares of Teradyne during the 2nd quarter worth about $43,000. Bayforest Capital Ltd increased its holdings in shares of Teradyne by 195.5% during the 2nd quarter. Bayforest Capital Ltd now owns 523 shares of the company’s stock worth $47,000 after purchasing an additional 346 shares during the period. Finally, Manchester Capital Management LLC raised its position in shares of Teradyne by 29.4% during the second quarter. Manchester Capital Management LLC now owns 586 shares of the company’s stock valued at $53,000 after buying an additional 133 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Teradyne Trading Down 0.4%

Shares of Teradyne stock opened at $196.63 on Wednesday. The stock has a market capitalization of $30.79 billion, a price-to-earnings ratio of 71.50, a P/E/G ratio of 2.06 and a beta of 1.85. The firm’s 50-day moving average price is $180.93 and its two-hundred day moving average price is $136.19. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $205.00.

Teradyne (NASDAQ:TER) last posted 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. The company had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. Teradyne’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. As a group, equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, November 24th. Teradyne’s dividend payout ratio is presently 17.45%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TER. 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. Robert W. Baird set a $195.00 price objective on Teradyne in a report on Friday, October 31st. Morgan Stanley upped their target price on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Northland Securities set a $186.00 price target on shares of Teradyne in a research note on Thursday, October 30th. Finally, Susquehanna restated a “positive” rating and issued a $215.00 price objective on shares of Teradyne in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the sale, the chief executive officer directly owned 93,409 shares in the company, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 3,324 shares of company stock worth $583,639 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.

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.