2,375 Shares in Teradyne, Inc. $TER Bought by USA Financial Formulas

USA Financial Formulas purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,375 shares of the company’s stock, valued at approximately $952,000.

Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Teradyne in the second quarter valued at about $9,404,408,000. Andar Capital Management HK Ltd bought a new stake in Teradyne during the second quarter worth about $37,800,000. Bank of America Corp DE acquired a new position in Teradyne during the second quarter valued at approximately $842,822,000. Legal & General Group Plc acquired a new position in Teradyne during the second quarter valued at approximately $656,058,000. Finally, Assenagon Asset Management S.A. boosted its position in 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 purchasing an additional 1,027,146 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total transaction of $1,351,320.00. Following the transaction, the chief executive officer owned 108,495 shares of the company’s stock, valued at $36,652,865.85. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing 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.

Analysts Set New Price Targets

A number of research firms have weighed in on TER. The Goldman Sachs Group restated a “buy” rating and issued a $465.00 price target on shares of Teradyne in a research note on Tuesday, July 28th. Zacks Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. Morgan Stanley increased their price objective on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, Bank of America increased their price objective on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Teradyne has a consensus rating of “Moderate Buy” and an average price target of $396.80.

Get Our Latest Research Report on TER

Teradyne Price Performance

Shares of TER opened at $325.00 on Friday. The company has a market cap of $50.81 billion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.75. The firm has a 50-day moving average of $380.05 and a 200-day moving average of $373.84. Teradyne, Inc. has a one year low of $135.83 and a one year high of $487.91.

Teradyne (NASDAQ:TER – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. Teradyne’s quarterly revenue was up 103.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. Analysts expect that Teradyne, Inc. will post 9.11 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is presently 7.13%.

Teradyne Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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