Ieq Capital LLC Boosts Stake in Teradyne, Inc. (NASDAQ:TER)

Ieq Capital LLC increased its stake in Teradyne, Inc. (NASDAQ:TER) by 4.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,408 shares of the company’s stock after acquiring an additional 652 shares during the period. Ieq Capital LLC’s holdings in Teradyne were worth $2,137,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Teradyne by 78.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 85,226 shares of the company’s stock valued at $86,000 after buying an additional 37,526 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Teradyne by 4.6% in the 4th quarter. Assetmark Inc. now owns 23,819 shares of the company’s stock worth $2,585,000 after acquiring an additional 1,057 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Teradyne by 3.7% in the 4th quarter. Franklin Resources Inc. now owns 44,303 shares of the company’s stock valued at $4,808,000 after purchasing an additional 1,592 shares in the last quarter. US Bancorp DE grew its holdings in shares of Teradyne by 8.2% during the 4th quarter. US Bancorp DE now owns 37,684 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,862 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Teradyne by 12.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 75,492 shares of the company’s stock worth $8,192,000 after purchasing an additional 8,628 shares during the period. Institutional investors own 99.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TER has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Northland Capmk lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. UBS Group boosted their price objective on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Citigroup cut their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Stifel Nicolaus upped their price target on shares of Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $141.50.

Teradyne Stock Performance

Teradyne stock opened at $128.95 on Friday. Teradyne, Inc. has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The stock has a market cap of $20.13 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 2.62 and a beta of 1.49. The stock’s 50 day simple moving average is $131.76 and its two-hundred day simple moving average is $128.18.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, analysts predict that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The firm 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, September 5th. Teradyne’s payout ratio is currently 18.25%.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,483 shares of company stock worth $1,383,031. 0.36% of the stock is currently owned by company insiders.

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.