USA Financial Formulas Buys 2,375 Shares of Teradyne, Inc. $TER

USA Financial Formulas purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,375 shares of the company’s stock, valued at approximately $952,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TER. BlackRock Inc. bought a new stake in shares of Teradyne in the 2nd quarter valued at $9,404,408,000. State Street Corp raised its stake in Teradyne by 4.6% during the 2nd quarter. State Street Corp now owns 7,290,460 shares of the company’s stock worth $3,527,416,000 after buying an additional 320,034 shares during the period. Van ECK Associates Corp lifted its holdings in Teradyne by 5.0% during the second quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock worth $1,261,813,000 after acquiring an additional 123,549 shares in the last quarter. ABS Investment Management LLC bought a new position in Teradyne during the second quarter worth about $1,006,387,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Teradyne by 0.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company’s stock worth $957,096,000 after acquiring an additional 12,659 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Stock Down 5.3%

Shares of TER stock opened at $325.00 on Friday. The firm has a fifty day moving average of $380.05 and a 200-day moving average of $373.84. Teradyne, Inc. has a 12-month low of $135.83 and a 12-month high of $487.91. The company has a market capitalization of $50.81 billion, a price-to-earnings ratio of 44.58, a P/E/G ratio of 0.66 and a beta of 1.75.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.38. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The firm’s quarterly revenue was up 103.9% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. On average, equities analysts expect that Teradyne, Inc. will post 9.11 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, September 4th. Teradyne’s dividend payout ratio is 7.13%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TER. Evercore reissued an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Susquehanna raised their price target on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Robert W. Baird reiterated a “neutral” rating and set a $420.00 price objective on shares of Teradyne in a report on Friday, August 21st. Finally, Zacks Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $396.80.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of Teradyne stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $337.83, for a total value of $1,351,320.00. Following the sale, the chief executive officer owned 108,495 shares of the company’s stock, valued at $36,652,865.85. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

About Teradyne

Teradyne, Inc is a global provider of automated test equipment and industrial automation solutions. Founded in 1960 and headquartered in North Reading, Massachusetts, the company develops systems that help manufacturers test the performance, quality, and reliability of electronic products and components.

Teradyne’s products include semiconductor test systems used to evaluate integrated circuits, memory devices, and other semiconductor components. The company also provides test solutions for wireless products, storage systems, and complex electronic systems, along with related software, services, and support.

Through its Industrial Automation segment, Teradyne offers collaborative robots from Universal Robots, autonomous mobile robots from Mobile Industrial Robots, and robotic arms and systems for manufacturing and other industrial applications.