D. E. Shaw & Co. Inc. Has $24 Million Stock Position in Teradyne, Inc. (NASDAQ:TER)

D. E. Shaw & Co. Inc. raised its position in Teradyne, Inc. (NASDAQ:TER) by 140.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,870 shares of the company’s stock after buying an additional 94,687 shares during the period. D. E. Shaw & Co. Inc. owned 0.10% of Teradyne worth $24,004,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after buying an additional 453,926 shares in the last quarter. KBC Group NV raised its stake in shares of Teradyne by 1,544.3% in the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock worth $51,354,000 after acquiring an additional 444,442 shares during the last quarter. Swedbank AB grew its stake in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after purchasing an additional 426,900 shares during the last quarter. Ossiam increased its holdings in shares of Teradyne by 13,540.0% in the first quarter. Ossiam now owns 419,977 shares of the company’s stock valued at $47,386,000 after purchasing an additional 416,898 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Teradyne by 4,854.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company’s stock worth $44,907,000 after purchasing an additional 389,975 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, 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 SEC, which can be accessed through this link. In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $10,896,080. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the sale, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. The disclosure for this sale can be found here. Insiders have sold a total of 10,483 shares of company stock worth $1,383,031 over the last three months. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Citigroup lowered their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Robert W. Baird raised their target price on shares of Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. KeyCorp boosted their price target on shares of Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Teradyne has an average rating of “Hold” and a consensus target price of $141.50.

Teradyne Price Performance

NASDAQ:TER opened at $134.64 on Friday. The business’s 50-day simple moving average is $129.61 and its 200-day simple moving average is $129.24. 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 capitalization of $21.97 billion, a PE ratio of 51.19, a price-to-earnings-growth ratio of 2.68 and a beta of 1.49.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm 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 posted $0.79 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, research analysts expect that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend 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.