Jefferies Financial Group Inc. Makes New $2.05 Million Investment in Teradyne, Inc. $TER

Jefferies Financial Group Inc. purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,233 shares of the company’s stock, valued at approximately $2,048,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TER. BlackRock Inc. purchased a new position in shares of Teradyne during the second quarter worth about $9,404,408,000. Andar Capital Management HK Ltd purchased a new stake in Teradyne in the second quarter valued at approximately $37,800,000. Norges Bank bought a new stake in Teradyne during the fourth quarter valued at approximately $398,777,000. Wellington Management Group LLP lifted its position in Teradyne by 13,949.4% during the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after purchasing an additional 2,022,389 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in Teradyne in the 2nd quarter worth approximately $842,822,000. Institutional investors own 99.77% of the company’s stock.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the chief executive officer directly owned 112,495 shares of the company’s stock, 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 owned by insiders.

Analysts Set New Price Targets

TER has been the topic of several recent research reports. UBS Group increased their price objective on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Susquehanna increased their price target on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group reissued a “buy” rating and set a $465.00 price target on shares of Teradyne in a research note on Tuesday, July 28th. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. Finally, Wall Street Zen cut shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

Teradyne Trading Down 4.6%

TER opened at $354.97 on Friday. Teradyne, Inc. has a 12-month low of $109.56 and a 12-month high of $487.91. The company’s 50 day moving average is $380.37 and its 200 day moving average is $356.92. The company has a market cap of $55.50 billion, a price-to-earnings ratio of 48.69, a PEG ratio of 0.72 and a beta of 1.78.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 103.9% compared to the same quarter last year. As a group, analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

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

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.