Saudi Central Bank Buys 5,178 Shares of Teradyne, Inc. $TER

Saudi Central Bank lifted its stake in Teradyne, Inc. (NASDAQ:TER – Free Report) by 89.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,959 shares of the company’s stock after buying an additional 5,178 shares during the period. Saudi Central Bank’s holdings in Teradyne were worth $5,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Teradyne during the 4th quarter worth approximately $28,000. Community Financial Services Group LLC bought a new stake in Teradyne in the second quarter valued at approximately $29,000. McIlrath & Eck LLC purchased a new stake in shares of Teradyne during the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC boosted its stake in shares of Teradyne by 1,320.0% during 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 bought a new position in shares of Teradyne in the second quarter worth approximately $35,000. Institutional investors own 99.77% of the company’s stock.

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Insider Buying and Selling

In other news, CEO Gregory Smith sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief executive officer directly owned 112,495 shares of the company’s stock, valued at approximately $47,810,375. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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.

Wall Street Analyst Weigh In

Several brokerages recently commented on TER. Weiss Ratings downgraded shares of Teradyne from a “buy (b)” rating to a “hold (c+)” rating in a research note on Thursday. UBS Group increased their price target on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Susquehanna raised their price target on shares of Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

View Our Latest Analysis on TER

Teradyne Stock Performance

Shares of TER stock opened at $357.03 on Monday. Teradyne, Inc. has a fifty-two week low of $109.56 and a fifty-two week high of $487.91. The firm has a market cap of $55.82 billion, a P/E ratio of 48.98, a P/E/G ratio of 0.72 and a beta of 1.78. The business’s 50 day moving average price is $370.59 and its 200-day moving average price is $358.35.

Teradyne (NASDAQ:TER – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was up 103.9% on a year-over-year basis. As a group, equities analysts predict that Teradyne, Inc. will post 9.1 EPS for the current year.

Teradyne Dividend Announcement

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

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