Howard Capital Management LLC boosted its position in Teradyne, Inc. (NASDAQ:TER – Free Report) by 771.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,406 shares of the company’s stock after acquiring an additional 19,834 shares during the period. Howard Capital Management LLC’s holdings in Teradyne were worth $8,983,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Franchise GP Ltd raised its position in Teradyne by 113.2% during the 3rd quarter. Franchise GP Ltd now owns 10,660 shares of the company’s stock valued at $4,274,000 after purchasing an additional 5,660 shares during the last quarter. Milestone Asset Management LLC lifted its holdings in Teradyne by 12.4% in the 3rd quarter. Milestone Asset Management LLC now owns 3,605 shares of the company’s stock worth $1,445,000 after buying an additional 398 shares during the period. Walser Wealth Management Company A Ltd Liability Co grew its position in shares of Teradyne by 14.5% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 2,021 shares of the company’s stock worth $810,000 after buying an additional 256 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Teradyne by 5.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,230 shares of the company’s stock worth $493,000 after buying an additional 63 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Teradyne by 2,171.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,074,459 shares of the company’s stock valued at $430,761,000 after buying an additional 1,027,146 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Insider Activity at Teradyne
In other news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $337.83, for a total value of $1,351,320.00. Following the sale, the chief executive officer directly owned 108,495 shares of the company’s stock, valued at $36,652,865.85. This represents a 3.56% decrease in their position. The transaction 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. Company insiders own 0.19% of the company’s stock.
Teradyne Stock Down 5.3%
Shares of NASDAQ:TER traded down $18.21 during trading on Friday, hitting $325.00. The stock had a trading volume of 3,202,187 shares, compared to its average volume of 2,563,680. The company has a market capitalization of $50.81 billion, a PE ratio of 44.58, a PEG ratio of 0.69 and a beta of 1.75. The firm’s fifty day moving average is $380.05 and its 200 day moving average is $373.84. Teradyne, Inc. has a 12 month low of $135.83 and a 12 month high of $487.91.
Teradyne (NASDAQ:TER – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%. The firm’s revenue was up 103.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. Equities research analysts expect that Teradyne, Inc. will post 9.11 EPS for the current fiscal year.
Teradyne Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, September 4th. Teradyne’s payout ratio is 7.13%.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Susquehanna boosted their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Evercore restated an “outperform” rating and issued a $420.00 price objective on shares of Teradyne in a report on Thursday, July 30th. Morgan Stanley raised their target price on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, UBS Group lifted their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $396.80.
Get Our Latest Stock Report on TER
About Teradyne
Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.
Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.
Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.
Featured Articles
- Five stocks we like better than Teradyne
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
- 3 Stocks Delivering Bigger Dividends Despite Market Uncertainty
Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. (NASDAQ:TER – Free Report).
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.
