Lido Advisors LLC raised its holdings in Teradyne, Inc. (NASDAQ:TER – Free Report) by 23.2% during the third quarter, HoldingsChannel reports. The firm owned 37,982 shares of the company’s stock after acquiring an additional 7,162 shares during the quarter. Lido Advisors LLC’s holdings in Teradyne were worth $15,228,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Leeward Financial Partners LLC acquired a new position in Teradyne during the second quarter worth about $3,735,000. Legal & General Group Plc bought a new position in shares of Teradyne in the second quarter worth about $656,058,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Teradyne in the second quarter worth about $4,826,000. Handelsbanken Fonder AB boosted its stake in shares of Teradyne by 2.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 127,990 shares of the company’s stock valued at $61,927,000 after purchasing an additional 3,250 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Teradyne by 147.2% in the 2nd quarter. Baird Financial Group Inc. now owns 53,029 shares of the company’s stock valued at $25,658,000 after purchasing an additional 31,579 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.
Insider Activity
In other news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total value of $1,365,120.00. Following the completion of the transaction, the chief executive officer owned 104,495 shares of the company’s stock, valued at $35,662,053.60. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,000 shares of company stock valued at $4,416,440 over the last three months. Corporate insiders own 0.19% of the company’s stock.
Teradyne Stock Up 8.3%
Shares of TER opened at $265.78 on Thursday. Teradyne, Inc. has a 12-month low of $151.52 and a 12-month high of $487.91. The business has a 50-day simple moving average of $345.94 and a two-hundred day simple moving average of $349.10. The stock has a market cap of $41.49 billion, a PE ratio of 30.51, a PEG ratio of 0.48 and a beta of 1.73.
Teradyne (NASDAQ:TER – Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.09 by $0.20. Teradyne had a return on equity of 43.81% and a net margin of 27.46%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 69.8% on a year-over-year basis. On average, equities research analysts expect that Teradyne, Inc. will post 9.41 EPS for the current year.
Teradyne Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Monday, November 23rd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. Teradyne’s dividend payout ratio is currently 5.97%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on TER shares. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. UBS Group lowered their price objective on shares of Teradyne from $485.00 to $430.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Jefferies Financial Group initiated coverage on shares of Teradyne in a research note on Wednesday. They issued a “buy” rating and a $284.00 price objective for the company. Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Finally, Robert W. Baird cut shares of Teradyne from an “outperform” rating to a “neutral” rating and set a $420.00 target price on the stock. in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and an average target price of $397.73.
Check Out Our Latest Report on Teradyne
Recent Teradyne Headlines
Investors following TER have been watching these headlines:
- Positive Sentiment: Jefferies initiated coverage with a Buy rating and a $284 price target, citing a potential $2 billion opportunity tied to testing AI chips and Teradyne’s growing relationship with Nvidia. Teradyne Stock Jumps. Jefferies Sees a $2 Billion Nvidia Opportunity.
- Positive Sentiment: The launch of the Omnyx Edge test platform broadens Teradyne’s reach into edge AI hardware, factory automation and robotics, potentially adding to its AI-related growth prospects. Why Teradyne Stock Is Getting Attention After Edge AI Test Platform Launch
- Neutral Sentiment: Teradyne also declared a quarterly dividend of $0.13 per share, payable December 16 to shareholders of record November 23. The modest payout is a shareholder return but is unlikely to be the main driver of the stock’s move. Why Teradyne Stock Is Getting Attention After Edge AI Test Platform Launch
About Teradyne
Teradyne, Inc. develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products. The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.
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