4,451 Shares in Teradyne, Inc. $TER Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new stake in Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,451 shares of the company’s stock, valued at approximately $613,000.

A number of other hedge funds also recently made changes to their positions in the business. Bank of Nova Scotia raised its stake in Teradyne by 546.5% in the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after purchasing an additional 83,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Teradyne by 3.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock worth $24,908,000 after purchasing an additional 9,094 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Teradyne by 291.6% in the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock valued at $2,247,000 after buying an additional 18,612 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Teradyne by 73.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock valued at $412,000 after buying an additional 1,939 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in Teradyne during the third quarter worth approximately $895,000. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

TER has been the subject of a number of recent analyst reports. Susquehanna reiterated a “positive” rating and set a $215.00 target price on shares of Teradyne in a research report on Thursday, October 30th. Citigroup boosted their price target on Teradyne from $117.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. upped their price objective on shares of Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Evercore ISI raised their target price on shares of Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, Stifel Nicolaus set a $225.00 price target on shares of Teradyne and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.75.

Teradyne Trading Down 2.8%

TER stock opened at $216.31 on Friday. The stock has a market capitalization of $33.88 billion, a P/E ratio of 78.66, a price-to-earnings-growth ratio of 1.61 and a beta of 1.84. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $229.66. The firm has a 50-day moving average price of $189.15 and a 200-day moving average price of $141.59.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $769.21 million for the quarter, compared to analyst estimates of $744.20 million. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. As a group, equities analysts predict that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, November 24th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is 17.45%.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.