DNB Asset Management AS Grows Holdings in Teradyne, Inc. $TER

DNB Asset Management AS grew its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 38.7% in the third quarter, Holdings Channel reports. The firm owned 40,090 shares of the company’s stock after acquiring an additional 11,182 shares during the period. DNB Asset Management AS’s holdings in Teradyne were worth $5,518,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hemington Wealth Management boosted its position in Teradyne by 43.2% in 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 during the period. Versant Capital Management Inc increased its position in shares of Teradyne by 5.8% during the third quarter. Versant Capital Management Inc now owns 1,494 shares of the company’s stock worth $206,000 after acquiring an additional 82 shares during the period. LS Investment Advisors LLC raised its stake in shares of Teradyne by 2.3% during the third quarter. LS Investment Advisors LLC now owns 3,945 shares of the company’s stock valued at $543,000 after acquiring an additional 89 shares in the last quarter. CVA Family Office LLC boosted its holdings in shares of Teradyne by 28.9% in the third quarter. CVA Family Office LLC now owns 424 shares of the company’s stock valued at $58,000 after purchasing an additional 95 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in Teradyne by 41.2% in the third quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $51,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on TER. Cantor Fitzgerald upped their target price on Teradyne from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Susquehanna restated a “positive” rating and issued a $335.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. TD Cowen reiterated a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Robert W. Baird set a $305.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Finally, Citigroup upped their price target on shares of Teradyne from $215.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $256.24.

Teradyne Stock Performance

Shares of TER stock opened at $320.03 on Monday. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $344.92. The firm has a market capitalization of $50.10 billion, a price-to-earnings ratio of 91.96, a PEG ratio of 1.98 and a beta of 1.76. The stock’s 50-day simple moving average is $254.69 and its 200-day simple moving average is $187.19.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The firm had revenue of $1.08 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. As a group, equities analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

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 $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s payout ratio is 14.94%.

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.