E Fund Management Co. Ltd. Invests $268,000 in Teradyne, Inc. (NASDAQ:TER)

E Fund Management Co. Ltd. acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,809 shares of the company’s stock, valued at approximately $268,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new stake in Teradyne in the 2nd quarter worth $27,000. Rothschild Investment LLC acquired a new stake in Teradyne during the second quarter worth about $33,000. Tortoise Investment Management LLC grew its position in Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after buying an additional 118 shares in the last quarter. Versant Capital Management Inc increased its stake in Teradyne by 3,800.0% during the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock valued at $52,000 after acquiring an additional 342 shares during the period. Finally, Mather Group LLC. acquired a new position in Teradyne in the 1st quarter valued at approximately $53,000. Institutional investors own 99.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now owns 17,143 shares in the company, valued at $2,207,504.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,483 shares of company stock valued at $1,383,031. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TER shares. Robert W. Baird boosted their price objective on Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Northland Securities dropped their price objective on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. The Goldman Sachs Group lifted their target price on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, KeyCorp lifted their price objective on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $141.50.

Teradyne Price Performance

NASDAQ TER opened at $133.82 on Friday. The stock’s 50 day simple moving average is $132.73 and its 200 day simple moving average is $127.98. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21. The firm has a market cap of $21.84 billion, a PE ratio of 50.88, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. As a group, equities analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, September 5th. Teradyne’s payout ratio is presently 18.25%.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.