QRG Capital Management Inc. Has $9.75 Million Position in Teradyne, Inc. $TER

QRG Capital Management Inc. trimmed its position in Teradyne, Inc. (NASDAQ:TER) by 33.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,836 shares of the company’s stock after selling 35,731 shares during the quarter. QRG Capital Management Inc.’s holdings in Teradyne were worth $9,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in shares of Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after purchasing an additional 468 shares during the period. Caxton Associates LLP acquired a new position in shares of Teradyne during the first quarter worth approximately $297,000. Strs Ohio bought a new stake in shares of Teradyne in the first quarter valued at approximately $795,000. Czech National Bank grew its stake in shares of Teradyne by 4.8% in the second quarter. Czech National Bank now owns 39,212 shares of the company’s stock worth $3,526,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Teradyne by 9.2% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 60,400 shares of the company’s stock valued at $5,431,000 after purchasing an additional 5,100 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Trading Up 0.2%

NASDAQ:TER opened at $228.15 on Friday. The stock has a market capitalization of $35.73 billion, a P/E ratio of 82.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.84. Teradyne, Inc. has a 1 year low of $65.77 and a 1 year high of $238.92. The firm has a 50 day moving average of $194.38 and a 200-day moving average of $147.65.

Teradyne (NASDAQ:TER) last released 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 during 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% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS. As a group, analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer owned 93,409 shares in the company, valued at $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

TER has been the topic of several research reports. UBS Group boosted their price objective on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. The Goldman Sachs Group upgraded Teradyne from a “sell” rating to a “buy” rating and raised their price objective for the stock from $148.00 to $230.00 in a research report on Monday, December 15th. Bank of America boosted their price objective on Teradyne from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Morgan Stanley raised their target price on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $200.44.

Teradyne 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.