Fourier Capital Management Ltd Invests $8.52 Million in Teradyne, Inc. $TER

Fourier Capital Management Ltd purchased a new position in Teradyne, Inc. (NASDAQ:TERFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 43,989 shares of the company’s stock, valued at approximately $8,515,000. Teradyne makes up approximately 9.0% of Fourier Capital Management Ltd’s portfolio, making the stock its 4th largest holding.

Several other large investors have also recently made changes to their positions in the stock. ARK Investment Management LLC increased its position in 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 buying an additional 548,140 shares in the last quarter. Nordea Investment Management AB increased its position in 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 buying an additional 108,745 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Teradyne by 9.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock valued at $12,542,000 after buying an additional 7,648 shares in the last quarter. Aspen Wealth Strategies LLC acquired a new position in Teradyne during the 3rd quarter valued at about $577,000. Finally, Assenagon Asset Management S.A. increased its position in 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 buying an additional 882,723 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Teradyne

In other news, VP Ryan Driscoll sold 680 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president owned 7,665 shares in the company, valued at $2,894,304. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Shares of TER stock opened at $363.39 on Thursday. The stock’s 50-day simple moving average is $334.04 and its 200-day simple moving average is $261.55. The firm has a market capitalization of $56.89 billion, a PE ratio of 67.29, a P/E/G ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $75.99 and a fifty-two week high of $422.11.

Teradyne (NASDAQ:TERGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The company’s revenue was up 87.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. Sell-side analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current year.

Teradyne Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on TER. Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Royal Bank Of Canada set a $270.00 target price on Teradyne in a research report on Monday, February 2nd. Bank of America upped their target price on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective on the stock in a report on Thursday, April 30th. Finally, Northland Securities reissued a “market perform” rating and issued a $270.00 price objective on shares of Teradyne in a report on Wednesday, February 4th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $339.80.

Get Our Latest Stock Analysis on TER

About Teradyne

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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