Teradyne, Inc. $TER Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its position in Teradyne, Inc. (NASDAQ:TER) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,585 shares of the company’s stock after purchasing an additional 2,194 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Teradyne were worth $5,339,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. ARK Investment Management LLC boosted its position in shares of Teradyne by 25.2% during the third quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock worth $374,701,000 after buying an additional 548,140 shares during the period. Nordea Investment Management AB raised its holdings in shares of Teradyne by 656.4% in the 4th quarter. Nordea Investment Management AB now owns 125,312 shares of the company’s stock valued at $24,554,000 after buying an additional 108,745 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Teradyne by 9.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,120 shares of the company’s stock worth $12,542,000 after acquiring an additional 7,648 shares in the last quarter. Aspen Wealth Strategies LLC acquired a new position in Teradyne during the 3rd quarter worth about $577,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Teradyne by 3,233.4% during the 4th 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 period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other news, VP Ryan Driscoll sold 680 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total value of $256,768.00. Following the sale, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. This trade represents a 8.15% decrease in their position. The sale 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. Corporate insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Shares of TER opened at $363.39 on Thursday. The stock has a 50-day simple moving average of $334.04 and a 200-day simple moving average of $261.55. The stock has a market capitalization of $56.89 billion, a PE ratio of 67.29, a PEG ratio of 1.47 and a beta of 1.79. Teradyne, Inc. has a 1 year low of $75.99 and a 1 year high of $422.11.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, April 29th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. The business’s quarterly revenue was up 87.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. Analysts predict that Teradyne, Inc. will post 7.09 EPS for the current year.

Teradyne Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley set a $387.00 target price on Teradyne in a research report on Thursday, April 30th. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research note on Thursday, April 30th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Thursday, April 30th. TD Cowen reiterated a “buy” rating on shares of Teradyne in a report on Thursday, January 22nd. Finally, Citigroup raised their price target on shares of Teradyne from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and an average target price of $339.80.

Teradyne Company Profile

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.