Pinpoint Asset Management Singapore Pte. Ltd. Buys 2,325 Shares of Teradyne, Inc. $TER

Pinpoint Asset Management Singapore Pte. Ltd. boosted its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,360 shares of the company’s stock after acquiring an additional 2,325 shares during the quarter. Teradyne makes up approximately 1.1% of Pinpoint Asset Management Singapore Pte. Ltd.’s holdings, making the stock its 18th biggest holding. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Teradyne were worth $5,489,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. ARK Investment Management LLC boosted its stake in shares of Teradyne by 25.2% in the 3rd quarter. ARK Investment Management LLC now owns 2,722,327 shares of the company’s stock valued at $374,701,000 after purchasing an additional 548,140 shares during the last quarter. Nordea Investment Management AB boosted its stake 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 purchasing an additional 108,745 shares during the last quarter. Gouws Capital LLC boosted its stake in shares of Teradyne by 96.0% in the 4th quarter. Gouws Capital LLC now owns 15,323 shares of the company’s stock valued at $2,966,000 after purchasing an additional 7,505 shares during the last quarter. Aspen Wealth Strategies LLC bought a new position in shares of Teradyne in the 3rd quarter valued at about $577,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Teradyne by 3,233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 910,023 shares of the company’s stock valued at $176,144,000 after purchasing an additional 882,723 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Teradyne stock opened at $403.20 on Friday. The company’s 50 day simple moving average is $364.24 and its 200 day simple moving average is $291.25. Teradyne, Inc. has a fifty-two week low of $83.00 and a fifty-two week high of $422.11. The firm has a market capitalization of $63.12 billion, a price-to-earnings ratio of 74.67, a PEG ratio of 1.57 and a beta of 1.79.

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

Teradyne Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Thursday, May 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from Teradyne’s previous quarterly dividend of $0.12. Teradyne’s payout ratio is 9.63%.

Analysts Set New Price Targets

TER has been the topic of several recent research reports. Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Cantor Fitzgerald raised their target price on shares of Teradyne from $330.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Susquehanna raised their target price on shares of Teradyne from $335.00 to $415.00 and gave the company a “positive” rating in a research note on Thursday, April 9th. Stifel Nicolaus raised their target price on shares of Teradyne from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings raised shares of Teradyne from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.80.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 680 shares of Teradyne stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $377.60, for a total transaction of $256,768.00. Following the transaction, the vice president owned 7,665 shares of the company’s stock, valued at $2,894,304. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a legal filing 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. Also, 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 transaction of $2,914,211.06. Following the transaction, the chief executive officer directly owned 124,470 shares in the company, valued at $42,192,840.60. The trade was a 6.46% 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. Insiders have sold 10,941 shares of company stock valued at $3,751,992 in the last 90 days. 0.19% of the stock is owned by insiders.

Teradyne 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.