3,864 Shares in Teradyne, Inc. $TER Acquired by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda purchased a new position in Teradyne, Inc. (NASDAQ:TER) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,864 shares of the company’s stock, valued at approximately $1,870,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Carolina Wealth Advisors LLC increased its holdings in shares of Teradyne by 42.5% during the second quarter. Carolina Wealth Advisors LLC now owns 114 shares of the company’s stock valued at $55,000 after acquiring an additional 34 shares in the last quarter. Vestor Capital LLC raised its position in shares of Teradyne by 15.4% during the first quarter. Vestor Capital LLC now owns 285 shares of the company’s stock worth $85,000 after purchasing an additional 38 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Teradyne by 5.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 727 shares of the company’s stock worth $352,000 after purchasing an additional 40 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Teradyne by 1.8% in the 4th quarter. UMB Bank n.a. now owns 2,293 shares of the company’s stock worth $444,000 after purchasing an additional 40 shares in the last quarter. Finally, Stephens Inc. AR grew its position in Teradyne by 1.2% in the 4th quarter. Stephens Inc. AR now owns 3,332 shares of the company’s stock valued at $645,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 4,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at approximately $47,810,375. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Teradyne Trading Down 4.6%

NASDAQ TER opened at $354.97 on Friday. The business has a fifty day simple moving average of $380.37 and a 200 day simple moving average of $356.92. Teradyne, Inc. has a 12 month low of $109.56 and a 12 month high of $487.91. The firm has a market capitalization of $55.50 billion, a P/E ratio of 48.69, a PEG ratio of 0.75 and a beta of 1.78.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 103.9% compared to the same quarter last year. As a group, sell-side analysts predict that Teradyne, Inc. will post 9.1 EPS for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th. Teradyne’s dividend payout ratio (DPR) is presently 7.13%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Wall Street Zen downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird restated a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a report on Friday, August 21st. Weiss Ratings raised shares of Teradyne from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Finally, Bank of America lifted their price target on Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

About Teradyne

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.