Tredje AP fonden Purchases 3,050 Shares of Teradyne, Inc. $TER

Tredje AP fonden increased its holdings in Teradyne, Inc. (NASDAQ:TER) by 22.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,832 shares of the company’s stock after acquiring an additional 3,050 shares during the quarter. Tredje AP fonden’s holdings in Teradyne were worth $2,317,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Teradyne in the 2nd quarter valued at about $152,854,000. Federated Hermes Inc. increased its holdings in Teradyne by 79.7% during the second quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock valued at $340,353,000 after buying an additional 1,679,215 shares during the period. Amundi raised its stake in Teradyne by 255.3% in the second quarter. Amundi now owns 1,812,001 shares of the company’s stock worth $170,654,000 after buying an additional 1,302,025 shares in the last quarter. Primecap Management Co. CA raised its stake in Teradyne by 58.6% in the second quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock worth $274,036,000 after buying an additional 1,125,868 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its holdings in Teradyne by 65.4% during the second quarter. Rafferty Asset Management LLC now owns 2,166,039 shares of the company’s stock worth $194,770,000 after buying an additional 856,540 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $324.85 on Monday. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $327.99. The firm has a market capitalization of $50.86 billion, a price-to-earnings ratio of 93.35, a PEG ratio of 2.01 and a beta of 1.83. The stock’s 50-day simple moving average is $240.98 and its 200-day simple moving average is $179.45.

Teradyne (NASDAQ:TER) last released its earnings results on Tuesday, February 3rd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. Teradyne had a net margin of 17.37% and a return on equity of 22.68%. Teradyne’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. As a group, equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s payout ratio is 14.94%.

Analyst Ratings Changes

TER has been the topic of a number of analyst reports. Northland Securities reiterated a “market perform” rating and issued a $270.00 price target on shares of Teradyne in a report on Wednesday, February 4th. Cantor Fitzgerald lifted their target price on Teradyne from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. increased their price target on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. UBS Group lifted their price objective on shares of Teradyne from $200.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Vertical Research lowered shares of Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $256.24.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company’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 transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by insiders.

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.