OFI Invest Asset Management Purchases Shares of 64,450 Teradyne, Inc. $TER

OFI Invest Asset Management purchased a new stake in shares of Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 64,450 shares of the company’s stock, valued at approximately $12,475,000.

A number of other large investors have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Teradyne during the 3rd quarter valued at about $31,000. Davidson Capital Management Inc. purchased a new position in shares of Teradyne during the 3rd quarter valued at about $31,000. CYBER HORNET ETFs LLC purchased a new position in shares of Teradyne during the 2nd quarter valued at about $35,000. Hemington Wealth Management lifted its position in shares of Teradyne by 43.2% during the 3rd quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after buying an additional 79 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Teradyne during the 4th quarter valued at about $37,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Trading Up 11.8%

NASDAQ TER opened at $358.29 on Thursday. The stock’s 50 day moving average is $303.25 and its 200 day moving average is $223.59. Teradyne, Inc. has a 12 month low of $68.13 and a 12 month high of $358.69. The stock has a market cap of $56.09 billion, a PE ratio of 102.96, a P/E/G ratio of 1.92 and a beta of 1.79.

Teradyne (NASDAQ:TER) last posted its quarterly 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. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $970.44 million. During the same period in the previous year, the firm earned $0.95 EPS. The firm’s revenue was up 43.9% compared to the same quarter last year. On average, analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. Teradyne’s payout ratio is presently 14.94%.

Analysts Set New Price Targets

TER has been the topic of a number of analyst reports. Evercore lifted their price objective on Teradyne from $200.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Vertical Research cut Teradyne from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research report on Friday, January 9th. Bank of America lifted their price objective on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Susquehanna reaffirmed a “positive” rating and set a $335.00 price objective on shares of Teradyne in a research report on Wednesday, February 4th. Finally, Robert W. Baird lifted their price objective on Teradyne from $305.00 to $332.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. One equities research 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $275.53.

About Teradyne

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.