Eurizon Capital SGR S.p.A. Purchases New Shares in Teradyne, Inc. $TER

Eurizon Capital SGR S.p.A. purchased a new stake in Teradyne, Inc. (NASDAQ:TER) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,364 shares of the company’s stock, valued at approximately $2,011,000.

Several other institutional investors have also added to or reduced their stakes in the company. ARK Investment Management LLC lifted its position in shares of Teradyne by 25.2% during the 3rd quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after acquiring an additional 548,140 shares during the period. Nordea Investment Management AB lifted its position in shares of Teradyne by 656.4% during the 4th quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after acquiring an additional 108,745 shares during the period. Aspen Wealth Strategies LLC bought a new stake in shares of Teradyne during the 3rd quarter valued at $577,000. Gouws Capital LLC lifted its position in shares of Teradyne by 96.0% during the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after acquiring an additional 7,505 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Teradyne by 3,233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after acquiring an additional 882,723 shares during the period. 99.77% of the stock is currently owned by institutional investors.

Insider Transactions at Teradyne

In other news, insider Shannon John Poulin sold 1,008 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $345.37, for a total transaction of $348,132.96. Following the completion of the transaction, the insider owned 15,066 shares of the company’s stock, valued at approximately $5,203,344.42. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gregory Stephen Smith sold 8,597 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares of the company’s stock, valued at $42,192,840.60. This trade represents a 6.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 10,941 shares of company stock valued at $3,751,992. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Teradyne stock opened at $392.62 on Wednesday. Teradyne, Inc. has a 52 week low of $78.41 and a 52 week high of $422.11. The stock has a market capitalization of $61.46 billion, a P/E ratio of 72.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.79. The stock has a fifty day moving average of $349.70 and a 200-day moving average of $278.44.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. Teradyne’s revenue was up 87.0% on a year-over-year basis. On average, research analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.13 per share. This is an increase from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. Teradyne’s payout ratio is presently 9.63%.

Analysts Set New Price Targets

TER has been the subject of a number of recent analyst reports. Morgan Stanley set a $387.00 target price on Teradyne in a research report on Thursday, April 30th. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Robert W. Baird set a $350.00 target price on Teradyne in a research report on Thursday, April 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Citigroup upped their target price on Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $339.80.

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.