Tensor Edge Capital LLC Makes New $22.45 Million Investment in Teradyne, Inc. $TER

Tensor Edge Capital LLC bought a new position in Teradyne, Inc. (NASDAQ:TER) in the fourth quarter, Holdings Channel.com reports. The firm bought 116,000 shares of the company’s stock, valued at approximately $22,453,000. Teradyne comprises about 6.4% of Tensor Edge Capital LLC’s holdings, making the stock its 7th largest position.

Several other large investors have also added to or reduced their stakes in TER. Vanguard Group Inc. raised its stake in shares of Teradyne by 2.1% in the third quarter. Vanguard Group Inc. now owns 21,417,717 shares of the company’s stock worth $2,947,935,000 after purchasing an additional 444,940 shares during the last quarter. State Street Corp raised its position in Teradyne by 0.3% during the 3rd quarter. State Street Corp now owns 7,017,649 shares of the company’s stock worth $965,909,000 after buying an additional 24,154 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Teradyne by 6.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,256,857 shares of the company’s stock valued at $723,600,000 after acquiring an additional 336,757 shares during the period. Invesco Ltd. lifted its stake in Teradyne by 3.5% during the 3rd quarter. Invesco Ltd. now owns 2,959,330 shares of the company’s stock valued at $407,322,000 after acquiring an additional 99,864 shares during the period. Finally, Alkeon Capital Management LLC boosted its holdings in shares of Teradyne by 48.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,872,910 shares of the company’s stock valued at $395,427,000 after acquiring an additional 940,000 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 8,597 shares of Teradyne stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $338.98, for a total value of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at approximately $42,192,840.60. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Ryan Driscoll sold 680 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 7,665 shares in the company, valued at approximately $2,894,304. The trade was a 8.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.19% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $344.34 on Thursday. The firm has a market capitalization of $53.90 billion, a PE ratio of 63.77, a price-to-earnings-growth ratio of 1.32 and a beta of 1.79. Teradyne, Inc. has a fifty-two week low of $75.99 and a fifty-two week high of $422.11. The stock’s 50-day simple moving average is $337.98 and its 200-day simple moving average is $267.84.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.20 billion. Teradyne had a net margin of 22.55% and a return on equity of 31.79%. Teradyne’s revenue for the quarter was up 87.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, sell-side analysts forecast that Teradyne, Inc. will post 7.09 earnings per share for the current fiscal year.

Teradyne Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.2%. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, May 21st. Teradyne’s payout ratio is currently 9.63%.

Analyst Ratings Changes

Several research analysts recently issued reports on TER shares. Bank of America raised their target price on shares of Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings upgraded Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. UBS Group lifted their target price on shares of Teradyne from $325.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Robert W. Baird set a $350.00 price objective on shares of Teradyne in a research report on Thursday, April 30th. Finally, Zacks Research upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.