175,000 Shares in Teradyne, Inc. $TER Acquired by Rheos Capital Works Inc.

Rheos Capital Works Inc. acquired a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 175,000 shares of the company’s stock, valued at approximately $24,087,000. Rheos Capital Works Inc. owned 0.11% of Teradyne at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of Nova Scotia increased its holdings 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. boosted its stake 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 valued at $24,908,000 after purchasing an additional 9,094 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Teradyne by 291.6% during the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock worth $2,247,000 after purchasing an additional 18,612 shares during the last quarter. Sequoia Financial Advisors LLC increased 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Teradyne by 17.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,760 shares of the company’s stock valued at $11,893,000 after buying an additional 21,219 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Teradyne Stock Up 4.3%

Shares of NASDAQ TER opened at $228.84 on Wednesday. The company has a market capitalization of $35.84 billion, a PE ratio of 83.21, a P/E/G ratio of 1.58 and a beta of 1.84. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $229.66. The firm has a fifty day simple moving average of $187.39 and a 200 day simple moving average of $140.49.

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

Teradyne Announces Dividend

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

Analysts Set New Price Targets

TER has been the topic of several recent research reports. Northland Securities set a $186.00 target price on shares of Teradyne in a research report on Thursday, October 30th. UBS Group lifted their price target on shares of Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Evercore ISI lifted their target price on Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and a consensus price target of $185.75.

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 3,324 shares of company stock worth $583,639. 0.16% of the stock is currently 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.