Telemark Asset Management LLC Makes New Investment in Teradyne, Inc. $TER

Telemark Asset Management LLC purchased a new stake in Teradyne, Inc. (NASDAQ:TER) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 70,000 shares of the company’s stock, valued at approximately $9,635,000.

Other hedge funds have also modified their holdings of the company. Tredje AP fonden raised its holdings in Teradyne by 22.1% in the 3rd quarter. Tredje AP fonden now owns 16,832 shares of the company’s stock valued at $2,317,000 after buying an additional 3,050 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Teradyne by 34.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,890 shares of the company’s stock valued at $535,000 after acquiring an additional 994 shares during the last quarter. Kovack Advisors Inc. increased its position in shares of Teradyne by 63.5% during the third quarter. Kovack Advisors Inc. now owns 32,623 shares of the company’s stock valued at $4,490,000 after acquiring an additional 12,666 shares during the last quarter. WT Asset Management Ltd purchased a new stake in shares of Teradyne in the 3rd quarter valued at approximately $41,935,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of Teradyne in the 3rd quarter worth approximately $344,000. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TER has been the subject of several research reports. Wall Street Zen upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus set a $325.00 price target on Teradyne in a research report on Wednesday, February 4th. Robert W. Baird set a $305.00 price objective on Teradyne in a research note on Wednesday, February 4th. Susquehanna reissued a “positive” rating and set a $335.00 target price on shares of Teradyne in a research note on Wednesday, February 4th. Finally, Bank of America raised their target price on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given 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 an average target price of $256.24.

Teradyne Price Performance

TER opened at $324.85 on Friday. Teradyne, Inc. has a 12 month low of $65.77 and a 12 month high of $327.99. The stock has a market capitalization of $50.87 billion, a price-to-earnings ratio of 93.35, a PEG ratio of 2.01 and a beta of 1.83. The business has a fifty day moving average price of $240.98 and a 200 day moving average price of $178.93.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating 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 business 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 EPS. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. On average, research analysts anticipate that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, February 13th. Teradyne’s payout ratio is 14.94%.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total value of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.16% of the stock is owned by company insiders.

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.