Driehaus Capital Management LLC Invests $41.47 Million in Teradyne, Inc. (NASDAQ:TER)

Driehaus Capital Management LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 279,634 shares of the company’s stock, valued at approximately $41,467,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Teradyne in the second quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in shares of Teradyne in the second quarter worth approximately $33,000. Tortoise Investment Management LLC boosted its position in shares of Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Teradyne by 3,800.0% in the second quarter. Versant Capital Management Inc now owns 351 shares of the company’s stock worth $52,000 after acquiring an additional 342 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Teradyne in the first quarter worth approximately $53,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TER shares. Robert W. Baird raised 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. lifted 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 Securities reduced their price target on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating on the stock in a research report on Friday, July 26th. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Friday, August 16th. Finally, Northland Capmk cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. One equities research 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 MarketBeat, Teradyne has a consensus rating of “Hold” and an average target price of $141.50.

Teradyne Trading Down 2.0 %

NASDAQ TER opened at $134.64 on Friday. The company’s fifty day simple moving average is $129.61 and its 200-day simple moving average is $129.09. Teradyne, Inc. has a 52 week low of $81.07 and a 52 week high of $163.21. The stock has a market cap of $21.97 billion, a P/E ratio of 51.19, a PEG ratio of 2.68 and a beta of 1.49.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.36%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne 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 sale, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares in the company, 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, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,483 shares of company stock worth $1,383,031. Insiders own 0.36% of the company’s stock.

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.