Merit Financial Group LLC Acquires 2,986 Shares of Teradyne, Inc. $TER

Merit Financial Group LLC increased its holdings in shares of Teradyne, Inc. (NASDAQ:TERFree Report) by 81.3% during the fourth quarter, HoldingsChannel reports. The firm owned 6,659 shares of the company’s stock after buying an additional 2,986 shares during the period. Merit Financial Group LLC’s holdings in Teradyne were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ARK Investment Management LLC increased its position in Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after acquiring an additional 548,140 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Teradyne by 9.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock valued at $12,542,000 after acquiring an additional 7,648 shares during the last quarter. Aspen Wealth Strategies LLC purchased a new stake in Teradyne during the third quarter valued at $577,000. Assenagon Asset Management S.A. increased its position in Teradyne by 3,233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after acquiring an additional 882,723 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Teradyne by 656.4% during the fourth quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after acquiring an additional 108,745 shares during the last quarter. 99.77% of the stock is owned by institutional investors.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

Analysts Set New Price Targets

A number of research firms recently commented on TER. Zacks Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Susquehanna upped their price objective on Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a research report on Tuesday. Wall Street Zen upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Morgan Stanley set a $306.00 price target on Teradyne in a research report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $314.53.

Read Our Latest Stock Report on TER

Teradyne Trading Up 4.1%

NASDAQ:TER opened at $400.99 on Friday. Teradyne, Inc. has a 12-month low of $71.27 and a 12-month high of $404.83. The stock has a 50-day moving average price of $323.40 and a 200 day moving average price of $241.10. The stock has a market capitalization of $62.78 billion, a P/E ratio of 115.23, a P/E/G ratio of 2.31 and a beta of 1.79.

Teradyne (NASDAQ:TERGet Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.44. Teradyne had a return on equity of 22.68% and a net margin of 17.37%.The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $970.44 million. During the same quarter last year, the business posted $0.95 earnings per share. The firm’s revenue was up 43.9% on a year-over-year basis. On average, research analysts predict that Teradyne, Inc. will post 6.12 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.1%. Teradyne’s dividend payout ratio is presently 14.94%.

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.

Featured Stories

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Institutional Ownership by Quarter for Teradyne (NASDAQ:TER)

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