Telemark Asset Management LLC Makes New $9.64 Million Investment in Teradyne, Inc. $TER

Telemark Asset Management LLC acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 70,000 shares of the company’s stock, valued at approximately $9,635,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TER. Integrated Wealth Concepts LLC boosted its holdings in Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after purchasing an additional 468 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Teradyne during the 1st quarter worth approximately $297,000. Whittier Trust Co. boosted its holdings in shares of Teradyne by 48.0% in the 2nd quarter. Whittier Trust Co. now owns 987 shares of the company’s stock valued at $89,000 after buying an additional 320 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Teradyne by 3.0% in the 2nd quarter. Asset Management One Co. Ltd. now owns 70,657 shares of the company’s stock valued at $6,353,000 after buying an additional 2,045 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Teradyne in the 2nd quarter valued at $570,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 93,409 shares in the company, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Teradyne Stock Up 2.8%

NASDAQ TER opened at $324.85 on Friday. The firm has a market cap of $50.87 billion, a P/E ratio of 93.35, a P/E/G ratio of 2.01 and a beta of 1.83. Teradyne, Inc. has a 52-week low of $65.77 and a 52-week high of $327.99. The business’s 50-day moving average price is $240.98 and its 200 day moving average price is $178.93.

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

Teradyne Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TER shares. Northland Securities reissued a “market perform” rating and issued a $270.00 price target on shares of Teradyne in a research report on Wednesday, February 4th. Robert W. Baird set a $305.00 target price on Teradyne in a report on Wednesday, February 4th. Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their price target on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group boosted their price objective on Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $256.24.

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.