Waratah Capital Advisors Ltd. Makes New $432,000 Investment in Teradyne, Inc. $TER

Waratah Capital Advisors Ltd. purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the third quarter, HoldingsChannel.com reports. The fund purchased 3,135 shares of the company’s stock, valued at approximately $432,000.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its position in Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock worth $342,000 after purchasing an additional 468 shares during the last quarter. Caxton Associates LLP purchased a new stake in Teradyne in the first quarter valued at approximately $297,000. Asset Management One Co. Ltd. boosted its holdings in shares of Teradyne by 3.0% in the 2nd quarter. Asset Management One Co. Ltd. now owns 70,657 shares of the company’s stock worth $6,353,000 after purchasing an additional 2,045 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of Teradyne in the 2nd quarter valued at $570,000. Finally, Wealthfront Advisers LLC boosted its holdings in Teradyne by 125.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 17,007 shares of the company’s stock valued at $1,529,000 after acquiring an additional 9,465 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research report on Thursday, January 22nd. Northland Securities reiterated a “market perform” rating and issued a $270.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Bank of America increased their price target on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Robert W. Baird set a $305.00 price objective on Teradyne in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $256.24.

Teradyne Trading Up 4.2%

Shares of NASDAQ:TER opened at $342.82 on Thursday. The stock has a 50 day moving average of $249.34 and a 200 day moving average of $183.62. The company has a market cap of $53.67 billion, a PE ratio of 98.51, a price-to-earnings-growth ratio of 2.04 and a beta of 1.83. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $343.69.

Teradyne (NASDAQ:TER) last issued its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $970.44 million. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. Equities research analysts predict that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s payout ratio is currently 14.94%.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’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 transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Teradyne Profile

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.