Fulcrum Asset Management LLP Acquires 10,102 Shares of Teradyne, Inc. $TER

Fulcrum Asset Management LLP lifted its holdings in Teradyne, Inc. (NASDAQ:TER) by 668.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,614 shares of the company’s stock after purchasing an additional 10,102 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Teradyne were worth $4,681,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Leeward Financial Partners LLC bought a new stake in shares of Teradyne during the second quarter valued at approximately $3,735,000. Legal & General Group Plc acquired a new stake in shares of Teradyne in the second quarter valued at approximately $656,058,000. B. Metzler seel. Sohn & Co. AG bought a new position in Teradyne in the 2nd quarter worth approximately $4,826,000. Handelsbanken Fonder AB raised its position in Teradyne by 2.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 127,990 shares of the company’s stock worth $61,927,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Teradyne by 147.2% in the 2nd quarter. Baird Financial Group Inc. now owns 53,029 shares of the company’s stock worth $25,658,000 after purchasing an additional 31,579 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Key Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Zacks upgraded Teradyne to Rank #1 (Strong Buy), citing improving earnings prospects. That more bullish outlook may be supporting investor demand. Teradyne upgraded to Strong Buy
• Positive Sentiment: The company introduced Omnyx Edge, an inline board-testing platform for compute, sensing and motion boards used in physical and edge AI. The launch broadens Teradyne’s product opportunity as AI expands beyond data centers. Teradyne introduces Omnyx Edge
• Positive Sentiment: Teradyne declared a quarterly dividend of $0.13 per share, payable December 16 to shareholders of record November 23. This provides a modest return to shareholders, though the announcement alone is unlikely to materially change earnings expectations. Teradyne declares quarterly cash dividend

Teradyne Trading Up 12.7%

Shares of NASDAQ TER opened at $246.00 on Tuesday. The firm has a market capitalization of $38.41 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 0.49 and a beta of 1.73. Teradyne, Inc. has a 1 year low of $151.52 and a 1 year high of $487.91. The firm’s 50-day moving average is $349.43 and its 200-day moving average is $348.83.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.09 by $0.20. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Teradyne had a net margin of 27.46% and a return on equity of 43.81%. Teradyne’s revenue was up 69.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, equities research analysts anticipate that Teradyne, Inc. will post 9.41 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 23rd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 5.97%.

Analyst Ratings Changes

Several research firms have issued reports on TER. Morgan Stanley upped their price objective on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Robert W. Baird cut Teradyne from an “outperform” rating to a “neutral” rating and set a $420.00 target price for the company. in a research note on Friday, August 21st. Weiss Ratings raised Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. Cantor Fitzgerald restated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a research report on Wednesday, July 29th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $405.86.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $341.28, for a total value of $1,365,120.00. Following the transaction, the chief executive officer directly owned 104,495 shares of the company’s stock, valued at approximately $35,662,053.60. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,000 shares of company stock valued at $4,416,440 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Teradyne Company Profile

Teradyne, Inc develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products.

The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers across global markets.