Erste Asset Management GmbH Makes New $5.48 Million Investment in Teradyne, Inc. $TER

Erste Asset Management GmbH bought a new stake in Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 40,525 shares of the company’s stock, valued at approximately $5,484,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TER. Vanguard Group Inc. lifted its position in Teradyne by 2.1% in the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock valued at $2,947,935,000 after purchasing an additional 444,940 shares during the period. Ameriprise Financial Inc. increased its position in Teradyne by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,920,100 shares of the company’s stock worth $442,413,000 after purchasing an additional 143,058 shares during the period. Federated Hermes Inc. raised its stake in shares of Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after buying an additional 1,679,215 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Teradyne by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,473,173 shares of the company’s stock worth $490,134,000 after buying an additional 354,876 shares in the last quarter. Finally, Primecap Management Co. CA lifted its holdings in shares of Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after buying an additional 1,125,868 shares during the period. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on TER. The Goldman Sachs Group lifted their price target on Teradyne from $230.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. UBS Group raised their target price on Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a report on Monday, January 26th. Northland Securities restated a “market perform” rating and set a $270.00 target price on shares of Teradyne in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note 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 assigned a Hold rating to the stock. According to data from MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and a consensus target price of $256.24.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Teradyne Trading Down 3.8%

Shares of TER opened at $320.03 on Friday. Teradyne, Inc. has a 12-month low of $65.77 and a 12-month high of $344.92. The stock has a market cap of $50.10 billion, a P/E ratio of 91.96, a PEG ratio of 1.98 and a beta of 1.83. The company has a 50-day moving average of $254.69 and a two-hundred day moving average of $186.68.

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

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.1%. Teradyne’s dividend payout ratio (DPR) is presently 14.94%.

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.