Symmetry Investments LP Purchases New Stake in Teradyne, Inc. (NASDAQ:TER)

Symmetry Investments LP purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,900 shares of the company’s stock, valued at approximately $727,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TER. Robeco Institutional Asset Management B.V. grew its holdings in shares of Teradyne by 78.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 85,226 shares of the company’s stock worth $86,000 after purchasing an additional 37,526 shares during the last quarter. UBS Group AG raised its holdings in shares of Teradyne by 53.8% during the fourth quarter. UBS Group AG now owns 569,748 shares of the company’s stock valued at $61,829,000 after purchasing an additional 199,417 shares during the period. Assetmark Inc. boosted its holdings in Teradyne by 4.6% in the fourth quarter. Assetmark Inc. now owns 23,819 shares of the company’s stock worth $2,585,000 after acquiring an additional 1,057 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Teradyne by 3.7% during the fourth quarter. Franklin Resources Inc. now owns 44,303 shares of the company’s stock valued at $4,808,000 after acquiring an additional 1,592 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Teradyne by 8.2% in the 4th quarter. US Bancorp DE now owns 37,684 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,862 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TER. UBS Group raised their price objective on shares of Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Robert W. Baird boosted their price objective on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Northland Securities cut their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Finally, Susquehanna increased their price target on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Teradyne currently has an average rating of “Hold” and a consensus price target of $141.50.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction 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 approximately $4,768,072.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,483 shares of company stock valued at $1,383,031. Company insiders own 0.36% of the company’s stock.

Teradyne Price Performance

NASDAQ TER opened at $128.95 on Friday. The business’s fifty day moving average is $131.76 and its 200-day moving average is $128.18. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 2.62 and a beta of 1.49. Teradyne, Inc. has a one year low of $81.07 and a one year high of $163.21.

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

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.37%. Teradyne’s payout ratio is 18.25%.

Teradyne Company Profile

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.