denkapparat Operations GmbH Takes $786,000 Position in Teradyne, Inc. $TER

denkapparat Operations GmbH acquired a new stake in shares of Teradyne, Inc. (NASDAQ:TERFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,624 shares of the company’s stock, valued at approximately $786,000.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in Teradyne during the fourth quarter worth approximately $28,000. Community Financial Services Group LLC acquired a new position in Teradyne during the second quarter valued at approximately $29,000. McIlrath & Eck LLC bought a new position in shares of Teradyne in the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC raised its position in shares of Teradyne by 1,320.0% in the second 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 period. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Teradyne in the second quarter worth $35,000. 99.77% of the stock is owned by institutional investors.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TER. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. Evercore reiterated an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a report on Thursday, July 30th. The Goldman Sachs Group reissued a “buy” rating and set a $465.00 target price on shares of Teradyne in a research report on Tuesday, July 28th. Susquehanna upped their price target on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Finally, Zacks Research raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $396.80.

View Our Latest Stock Report on Teradyne

Insider Buying and Selling

In related news, CEO Gregory Smith sold 4,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by company insiders.

Teradyne Stock Down 0.9%

TER stock opened at $338.59 on Friday. Teradyne, Inc. has a twelve month low of $109.56 and a twelve month high of $487.91. The company has a market cap of $52.94 billion, a PE ratio of 46.45, a price-to-earnings-growth ratio of 0.69 and a beta of 1.78. The business’s 50-day simple moving average is $372.18 and its 200 day simple moving average is $358.05.

Teradyne (NASDAQ:TERGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. The company’s revenue for the quarter was up 103.9% on a year-over-year basis. On average, equities research analysts anticipate that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Announces Dividend

The company 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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, September 4th. Teradyne’s dividend payout ratio is presently 7.13%.

Teradyne Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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