Teradyne, Inc. $TER Stake Lessened by Rafferty Asset Management LLC

Rafferty Asset Management LLC lowered its stake in Teradyne, Inc. (NASDAQ:TER) by 35.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,394,268 shares of the company’s stock after selling 771,771 shares during the period. Rafferty Asset Management LLC’s holdings in Teradyne were worth $191,907,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of Teradyne in the 3rd quarter valued at about $31,000. CYBER HORNET ETFs LLC bought a new position in shares of Teradyne during the second quarter worth about $35,000. Hemington Wealth Management increased its holdings in shares of Teradyne by 43.2% in the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares during the period. MUFG Securities EMEA plc bought a new stake in Teradyne in the 2nd quarter valued at about $43,000. Finally, Orion Capital Management LLC bought a new stake in Teradyne in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Trading Down 3.8%

NASDAQ:TER opened at $320.03 on Friday. The company has a 50-day moving average of $254.69 and a 200-day moving average of $186.15. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $344.92. The firm has a market cap of $50.10 billion, a price-to-earnings ratio of 91.96, a price-to-earnings-growth ratio of 2.06 and a beta of 1.83.

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

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is presently 14.94%.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer owned 93,409 shares in the company, valued at $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on TER shares. UBS Group upped their target price 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. Robert W. Baird set a $305.00 price objective on Teradyne in a report on Wednesday, February 4th. TD Cowen reaffirmed a “buy” rating on shares of Teradyne in a research note on Thursday, January 22nd. Evercore boosted their price target on Teradyne from $200.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, Bank of America increased their price target on Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and an average target price of $256.24.

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.