Rheos Capital Works Inc. Lowers Holdings in Teradyne, Inc. $TER

Rheos Capital Works Inc. lessened its stake in Teradyne, Inc. (NASDAQ:TER) by 64.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,000 shares of the company’s stock after selling 112,000 shares during the quarter. Rheos Capital Works Inc.’s holdings in Teradyne were worth $12,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of TER. Integrated Wealth Concepts LLC raised its position in shares of Teradyne by 12.8% in the 1st 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 last quarter. Caxton Associates LLP purchased a new position in Teradyne in the 1st quarter worth about $297,000. M&T Bank Corp raised its position in Teradyne by 2.9% in the 2nd quarter. M&T Bank Corp now owns 7,569 shares of the company’s stock worth $680,000 after buying an additional 214 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Teradyne in the 2nd quarter worth about $11,629,000. Finally, Guggenheim Capital LLC raised its position in Teradyne by 8.2% in the 2nd quarter. Guggenheim Capital LLC now owns 26,056 shares of the company’s stock worth $2,343,000 after buying an additional 1,973 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Stifel Nicolaus set a $325.00 target price on Teradyne in a research report on Wednesday, February 4th. Royal Bank Of Canada set a $270.00 target price on Teradyne in a research report on Monday, February 2nd. Evercore boosted their target price on Teradyne from $200.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Northland Securities reissued a “market perform” rating and issued a $270.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group boosted their target price on Teradyne from $230.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $275.53.

Teradyne Stock Performance

NASDAQ TER opened at $315.43 on Tuesday. The company has a market capitalization of $49.38 billion, a P/E ratio of 90.64, a P/E/G ratio of 1.92 and a beta of 1.79. Teradyne, Inc. has a one year low of $65.77 and a one year high of $344.92. The stock has a 50 day moving average price of $299.46 and a 200-day moving average price of $221.22.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (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 the consensus estimate of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.Teradyne’s revenue was up 43.9% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were given 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 Friday, February 13th. Teradyne’s dividend payout ratio (DPR) is 14.94%.

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.