Canada Pension Plan Investment Board Buys Shares of 67,039 Teradyne, Inc. $TER

Canada Pension Plan Investment Board bought a new position in shares of Teradyne, Inc. (NASDAQ:TER) in the 2nd quarter, HoldingsChannel reports. The fund bought 67,039 shares of the company’s stock, valued at approximately $32,436,000.

A number of other institutional investors have also made changes to their positions in the stock. Community Financial Services Group LLC purchased a new position in shares of Teradyne during the 2nd quarter worth approximately $29,000. Elevation Wealth Partners LLC increased its holdings in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares during the last quarter. Mcdonald Partners LLC purchased a new stake in Teradyne in the second quarter valued at approximately $36,000. Hilltop National Bank purchased a new stake in Teradyne in the second quarter valued at approximately $41,000. Finally, McIlrath & Eck LLC acquired a new position in Teradyne during the first quarter worth $30,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 4,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 112,495 shares in the company, valued at $47,810,375. This represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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

Several research analysts have recently commented on TER shares. Morgan Stanley raised their price target on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Bank of America increased their target price on Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. UBS Group raised their target price on Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Wall Street Zen downgraded Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $396.80.

Teradyne Stock Down 4.6%

Shares of TER stock opened at $354.97 on Friday. Teradyne, Inc. has a 52 week low of $109.56 and a 52 week high of $487.91. The stock has a market capitalization of $55.50 billion, a PE ratio of 48.69, a P/E/G ratio of 0.75 and a beta of 1.78. The firm has a 50 day moving average of $380.37 and a two-hundred day moving average of $356.92.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 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 in the previous year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 103.9% compared to the same quarter last year. Analysts expect that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Teradyne Company 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.