Wellington Management Group LLP Has $25.55 Million Position in Teradyne, Inc. $TER

Wellington Management Group LLP increased its stake in Teradyne, Inc. (NASDAQ:TER) by 49.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,808 shares of the company’s stock after purchasing an additional 17,487 shares during the period. Wellington Management Group LLP’s holdings in Teradyne were worth $25,551,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Community Financial Services Group LLC acquired a new stake in Teradyne during the 2nd quarter worth $29,000. Elevation Wealth Partners LLC raised its position in shares of Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after acquiring an additional 66 shares during the period. Mcdonald Partners LLC bought a new position in Teradyne during the 2nd quarter worth approximately $36,000. Hilltop National Bank bought a new position in Teradyne during the 2nd quarter worth approximately $41,000. Finally, McIlrath & Eck LLC acquired a new position in Teradyne during the first quarter valued at approximately $30,000. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TER shares. Bank of America increased their target price on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Morgan Stanley upped their price objective on shares of Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 target price on shares of Teradyne in a research note on Wednesday, July 29th. Finally, UBS Group increased their price target on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Stock Up 5.4%

Teradyne stock opened at $357.03 on Friday. The stock has a market capitalization of $55.82 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 0.72 and a beta of 1.78. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91. The company has a 50 day moving average of $370.59 and a 200-day moving average of $358.04.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s quarterly revenue was up 103.9% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. Equities analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

Insider Activity at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by company insiders.

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.