Citigroup Inc. Acquires 182,691 Shares of Teradyne, Inc. $TER

Citigroup Inc. boosted its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 19.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,112,267 shares of the company’s stock after buying an additional 182,691 shares during the quarter. Citigroup Inc. owned approximately 0.70% of Teradyne worth $100,015,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Teradyne by 2.6% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 83,472 shares of the company’s stock worth $7,506,000 after acquiring an additional 2,116 shares during the period. Generali Investments Management Co LLC boosted its position in Teradyne by 345.0% during the second quarter. Generali Investments Management Co LLC now owns 13,331 shares of the company’s stock worth $1,197,000 after purchasing an additional 10,335 shares during the period. Rockefeller Capital Management L.P. boosted its position in Teradyne by 17.7% during the second quarter. Rockefeller Capital Management L.P. now owns 28,123 shares of the company’s stock worth $2,529,000 after purchasing an additional 4,229 shares during the period. Intech Investment Management LLC increased its holdings in shares of Teradyne by 25.5% in the second quarter. Intech Investment Management LLC now owns 7,332 shares of the company’s stock valued at $659,000 after purchasing an additional 1,488 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Teradyne by 2.0% in the second quarter. Cetera Investment Advisers now owns 18,913 shares of the company’s stock valued at $1,701,000 after purchasing an additional 366 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on TER shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. UBS Group upped their target price on Teradyne from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price target on shares of Teradyne in a report on Wednesday, October 29th. Finally, Bank of America upgraded Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.25.

Insider Buying and Selling at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $180.20, for a total transaction of $199,661.60. Following the sale, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. This represents a 1.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 3,324 shares of company stock worth $494,318. Corporate insiders own 0.16% of the company’s stock.

Teradyne Stock Down 2.2%

Shares of Teradyne stock opened at $163.72 on Wednesday. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of 59.53, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90. Teradyne, Inc. has a twelve month low of $65.77 and a twelve month high of $191.56. The company has a 50-day simple moving average of $147.31 and a two-hundred day simple moving average of $113.41.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The company had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. During the same period last year, the firm earned $0.90 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.48 annualized dividend and a yield of 0.3%. Teradyne’s payout ratio is currently 17.45%.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.