Quantbot Technologies LP Makes New Investment in Teradyne, Inc. $TER

Quantbot Technologies LP bought a new position in Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 4,811 shares of the company’s stock, valued at approximately $2,328,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Teradyne in the second quarter worth about $9,404,408,000. Andar Capital Management HK Ltd bought a new stake in Teradyne during the 2nd quarter valued at approximately $37,800,000. Norges Bank bought a new stake in Teradyne during the 4th quarter valued at approximately $398,777,000. Wellington Management Group LLP grew its holdings in shares of Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after acquiring an additional 2,022,389 shares during the period. Finally, Aspex Management HK Ltd purchased a new position in shares of Teradyne during the 4th quarter worth approximately $199,723,000. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Down 2.9%

TER stock opened at $364.90 on Tuesday. The business has a 50 day moving average of $385.11 and a 200 day moving average of $355.09. The firm has a market cap of $57.05 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 103.9% compared to the same quarter last year. On average, research analysts expect that Teradyne, Inc. will post 9.1 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s payout ratio is currently 7.13%.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 price target on shares of Teradyne in a research note on Wednesday, July 29th. Bank of America upped their price target on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $465.00 price objective on shares of Teradyne in a report on Tuesday, July 28th. Finally, Citigroup raised their price objective on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.80.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the transaction, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. The trade was a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by insiders.

Teradyne Company 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.