Tairen Capital Ltd Takes Position in Teradyne, Inc. (NASDAQ:TER)

Tairen Capital Ltd bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the second quarter, Holdings Channel reports. The institutional investor bought 128,743 shares of the company’s stock, valued at approximately $19,091,000. Teradyne accounts for 0.7% of Tairen Capital Ltd’s holdings, making the stock its 10th largest holding.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Teradyne by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after buying an additional 135,286 shares during the last quarter. Van ECK Associates Corp increased its holdings in Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after buying an additional 453,926 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Teradyne by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after buying an additional 57,989 shares during the last quarter. Nordea Investment Management AB increased its holdings in Teradyne by 14.6% in the first quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after buying an additional 385,115 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Teradyne by 3.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,182,136 shares of the company’s stock worth $246,210,000 after buying an additional 68,924 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TER. Stifel Nicolaus increased their price objective on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. The Goldman Sachs Group upped their target price on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Craig Hallum cut Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a research report on Friday, July 26th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research report on Friday, August 16th. Finally, Northland Securities decreased their target price on Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $141.50.

Insider Buying and Selling

In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 completion of the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following 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. Insiders sold a total of 10,483 shares of company stock valued at $1,383,031 over the last ninety days. 0.36% of the stock is owned by company insiders.

Teradyne Price Performance

Shares of TER stock opened at $128.95 on Monday. The stock has a market cap of $20.13 billion, a P/E ratio of 49.03, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $131.76 and a 200 day moving average price of $128.36.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $729.88 million during 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%. Teradyne’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.79 earnings per share. Equities research analysts anticipate that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be given 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 dividend payout ratio (DPR) is currently 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.