Dimensional Fund Advisors LP Raises Stock Position in Teradyne, Inc. (NASDAQ:TER)

Dimensional Fund Advisors LP lifted its holdings in Teradyne, Inc. (NASDAQ:TER) by 9.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,133,636 shares of the company’s stock after buying an additional 98,116 shares during the period. Dimensional Fund Advisors LP’s holdings in Teradyne were worth $135,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truist Financial Corp increased its position in shares of Teradyne by 2.8% during the 3rd quarter. Truist Financial Corp now owns 40,445 shares of the company’s stock valued at $3,214,000 after purchasing an additional 1,107 shares during the last quarter. Public Sector Pension Investment Board bought a new position in Teradyne during the third quarter valued at $1,595,000. Advisors Asset Management Inc. raised its stake in shares of Teradyne by 68.2% in the third quarter. Advisors Asset Management Inc. now owns 11,869 shares of the company’s stock valued at $943,000 after acquiring an additional 4,814 shares during the period. Polar Capital LLP lifted its holdings in shares of Teradyne by 58.2% in the 3rd quarter. Polar Capital LLP now owns 1,213,740 shares of the company’s stock worth $96,444,000 after acquiring an additional 446,380 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Teradyne during the 3rd quarter worth about $1,996,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

In related news, CEO Mark E. Jagiela sold 57,941 shares of the business’s stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $123.71, for a total transaction of $7,167,881.11. Following the completion of the transaction, the chief executive officer now owns 320,637 shares in the company, valued at approximately $39,666,003.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard John Burns sold 803 shares of the stock in a transaction that occurred on Tuesday, January 26th. The shares were sold at an average price of $140.70, for a total transaction of $112,982.10. Following the sale, the insider now directly owns 14,798 shares of the company’s stock, valued at approximately $2,082,078.60. The disclosure for this sale can be found here. Insiders sold a total of 206,130 shares of company stock worth $24,106,370 over the last quarter. Company insiders own 0.62% of the company’s stock.

NASDAQ TER opened at $131.78 on Thursday. Teradyne, Inc. has a one year low of $56.42 and a one year high of $147.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.05 and a current ratio of 3.34. The company has a market capitalization of $21.95 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 1.14 and a beta of 1.35. The company’s 50-day simple moving average is $122.48 and its two-hundred day simple moving average is $119.91.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, January 27th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.09. The firm had revenue of $758.97 million for the quarter, compared to the consensus estimate of $721.22 million. Teradyne had a net margin of 24.02% and a return on equity of 44.90%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. Equities analysts expect that Teradyne, Inc. will post 4.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 19th. Shareholders of record on Friday, February 19th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 18th. This represents a $0.40 annualized dividend and a yield of 0.30%. Teradyne’s dividend payout ratio (DPR) is presently 13.99%.

Several brokerages have issued reports on TER. Credit Suisse Group raised their price objective on shares of Teradyne from $90.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, January 29th. Morgan Stanley started coverage on Teradyne in a research note on Thursday, December 10th. They set an “overweight” rating and a $138.00 price target for the company. Rosenblatt Securities cut their price objective on Teradyne from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday, March 17th. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research note on Wednesday, January 13th. Finally, Bank of America raised shares of Teradyne from a “neutral” rating to a “buy” rating in a research note on Monday, January 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $120.71.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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