OP Asset Management Ltd Purchases Shares of 15,667 Teradyne, Inc. $TER

by · The Cerbat Gem

OP Asset Management Ltd acquired a new position in shares of Teradyne, Inc. (NASDAQ:TERFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,667 shares of the company’s stock, valued at approximately $4,645,000.

Several other institutional investors have also modified their holdings of TER. Norges Bank purchased a new position in shares of Teradyne in the 4th quarter valued at $398,777,000. Wellington Management Group LLP lifted its position in Teradyne by 13,949.4% in the third quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock valued at $280,357,000 after acquiring an additional 2,022,389 shares during the last quarter. Aspex Management HK Ltd acquired a new position in Teradyne in the fourth quarter valued at $199,723,000. Corient Private Wealth LLC grew its holdings in shares of Teradyne by 2,189.2% during the fourth quarter. Corient Private Wealth LLC now owns 1,075,916 shares of the company’s stock worth $208,254,000 after purchasing an additional 1,028,916 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its holdings in shares of Teradyne by 48.6% during the third quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock worth $395,427,000 after purchasing an additional 940,000 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Down 7.4%

Teradyne stock opened at $436.86 on Friday. Teradyne, Inc. has a twelve month low of $88.60 and a twelve month high of $472.37. The stock has a 50 day moving average of $382.07 and a two-hundred day moving average of $308.73. The stock has a market capitalization of $68.39 billion, a price-to-earnings ratio of 80.90, a PEG ratio of 1.36 and a beta of 1.79.

Teradyne (NASDAQ:TERGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.45. Teradyne had a return on equity of 31.79% and a net margin of 22.55%.The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 87.0% compared to the same quarter last year. Equities analysts predict that Teradyne, Inc. will post 7.2 earnings per share for the current year.

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, May 21st. This is an increase from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is currently 9.63%.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of Teradyne stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $423.03, for a total value of $1,692,120.00. Following the sale, the chief executive officer owned 120,470 shares of the company’s stock, valued at $50,962,424.10. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shannon John Poulin sold 656 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $355.00, for a total transaction of $232,880.00. Following the transaction, the insider directly owned 15,722 shares of the company’s stock, valued at $5,581,310. This represents a 4.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 14,941 shares of company stock worth $5,444,112. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TER. Weiss Ratings raised Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. UBS Group boosted their price objective on Teradyne from $325.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Stifel Nicolaus increased their price objective on Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Susquehanna raised their target price on shares of Teradyne from $335.00 to $415.00 and gave the stock a “positive” rating in a research report on Thursday, April 9th. Finally, Cantor Fitzgerald lifted their target price on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $363.87.

Read Our Latest Stock Analysis on Teradyne

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Teradyne 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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