Teradyne, Inc. (NASDAQ:TER) Holdings Increased by Quest Partners LLC

Quest Partners LLC lifted its stake in Teradyne, Inc. (NASDAQ:TER) by 3,917.1% in the second quarter, HoldingsChannel reports. The fund owned 3,294 shares of the company’s stock after purchasing an additional 3,212 shares during the quarter. Quest Partners LLC’s holdings in Teradyne were worth $488,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TER. Swedbank AB raised its holdings in shares of Teradyne by 198.8% in the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after purchasing an additional 426,900 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Teradyne by 6.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 158,270 shares of the company’s stock valued at $16,104,000 after buying an additional 9,960 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Teradyne by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 335,636 shares of the company’s stock valued at $37,887,000 after acquiring an additional 50,156 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Teradyne during the 4th quarter worth $1,560,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Teradyne by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 188,733 shares of the company’s stock worth $21,295,000 after acquiring an additional 14,272 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TER. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a report on Friday, August 16th. Robert W. Baird lifted their target price on shares of Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. 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. UBS Group raised their price objective on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $141.50.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $128.19 on Friday. The stock has a market cap of $20.92 billion, a price-to-earnings ratio of 48.74, a PEG ratio of 2.49 and a beta of 1.49. The business has a 50 day simple moving average of $134.75 and a 200 day simple moving average of $127.06. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21.

Teradyne (NASDAQ:TER) last released 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. The business had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. Teradyne’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. On average, analysts predict that Teradyne, Inc. will post 3.02 EPS for the current year.

Teradyne Dividend Announcement

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

Insider Activity

In related news, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on 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 approximately $4,768,072.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares in the company, valued at approximately $2,204,987.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the firm’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 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 approximately $4,768,072.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,403 shares of company stock valued at $982,631. Insiders own 0.36% of the company’s stock.

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.